Brewin Dolphin has added two cautious products to its model portfolios to provide advisers with a wider range of options for their risk averse clients.
The addition of Cautious Higher Equity and Income Higher Equity will bring Brewin Dolphin’s MPS range to seven portfolios.
The model portfolio service has assets under management of £3.5bn, while the division of the company that deals with financial advisers across a range of its products looks after £13.4bn. Brewin Dolphin has 1,700 advice firms as clients.
Alongside the new portfolios, the company has adjusted its asset allocation on the income and cautious portfolios that already exist to reduce the level of risk.
Anthony Champion, head of intermediaries at Brewin Dolphin, said: “We believe the two new models in MPS will give advisers’ clients greater investment choice and will cater for those who are more risk averse or are looking for more protection for their capital. As always, we will continue to evolve the service to further support advisers."
He added: “We aim to support the adviser community, as a result, we received feedback that further choice at the lower end of the risk spectrum was required.
"We’re grateful to the adviser community for their continued support; some of whom have supported MPS for over a decade and who continue to benefit from the service’s strong investment performance, transparency and value.”
Yesterday the firm announced it was launching an app designed to offer clients "instant access" to their portfolios.