Brewin Dolphin has launched a passive portfolio range for IFAs using its existing managed portfolio service (MPS).
The new range, MPS Passive Plus, encompasses five core risk-rated models: cautious, income, balanced, growth, and global equity. The models will be re-balanced monthly to ensure they reflect key developments in investment markets.
Brewin Dolphin's asset allocation committee will manage the range, while underlying funds will be chosen by the group's MPS investment committee.
The team will also be able to allocate to active funds where they believe it would benefit the portfolio and passive funds might not offer effective replication.
Brewin Dolphin said the launch comes in response to an increasing number of advisers looking to outsource their investment decisions.
The underlying total expense ratio for the new range will be between 0.12% and 0.3%, and it will be available on a range of platforms, including Aegon, Ascentric and Aviva.
Gareth Johnson (pictured), head of Brewin Dolphin's managed investment services, said: "The launch of Brewin Dolphin's MPS Passive Plus range is good news for IFAs, as it will mean they can make another investment option accessible to a wider range of people.
"MPS Passive Plus will enable IFAs to choose the best possible investment strategy to fit with their clients' expectations and investment needs.
"Brewin Dolphin's new MPS Passive Plus range gives IFAs the best of both worlds with us actively reviewing asset allocation but using underlying cheaper passive funds to get the relevant market exposure. We have also ensured that as they launched, the major third party risk ratings are available from inception to further assist advisers."
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