Brewin Dolphin: Why we withdrew £100m mandate from Woodford
MPS segregated mandates
Guy Foster of Brewin Dolphin
Brewin Dolphin withdrew a £100m segregated mandate from Woodford Investment Management last year as the wealth manager moved the bulk of the third-party investments in its Managed Portfolio Service (MPS) from retail funds to segregated mandates.
In January 2018, Brewin Dolphin announced plans to reduce the costs on its MPS by £3m a year by switching 60% of the assets to manager of manager funds. The other 40% - investing in overseas equities,...
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