The chief executive of Brewin Dolphin has said his company is using the scale of its managed portfolio service to negotiate lower fees for its clients.
David Nicol said the move could save clients a total of £3m a year in fees.
Since January Brewin Dolphin has been moving the assets in its managed portfolio service into a series of manager of manager funds.
Mr Nicol said: "Because of our scale they are able to give us very keen rates which, if you were trying to go directly, you wouldn't get.
"We have negotiated an average of 27 per cent reduction in the fees we pay and that will grow as the funds grow."
Brewin Dolphin has four of these funds, with each having around 10 managers in it.
The company has been gradually moving assets in its managed portfolio service across and by the end of the process this week, 70 per cent of the assets will be in one of these funds.
Earlier this year AFH said it would be using its scale to negotiate cheaper deals from fund managers, to pass onto clients.
Yesterday (16 May) Brewin Dolphin posted profits before tax of £34.1m in the six months to the end of March 2018 - 20 per cent more than the same period last year.
Mr Nicol added Brewin Dolphin is still working on its cost effective planning service for those with less complex needs, called WealthPilot.
He said: "At the moment we are still testing it out. We have got real clients in it but they are existing clients who were sitting in an execution-only service. We have not committed any new business.
"We are not going to roll this out until we have got some newer technology to support the guys, which is what we are working on at the moment.
"I think by the end of the year I will be able to say a bit more about it."