Brewin
Dolphin

As a Discretionary Investment Manager, Brewin Dolphin manages investments on your behalf.

The ‘discretionary’ part of their title means that once you and your adviser have appointed them to manage your money to a particular brief, or ‘mandate’, they have the responsibility to make the investment decisions to ensure they keep to it.

This also means that they do not need to seek permission from you or your adviser each time a change is made to your portfolio. 

Brewin Dolphin says that as a DFM, their key responsibilities are:

• Keeping you and your adviser up-to-date on performance.
• Creating and managing your investment portfolio.
• Managing your money to your risk mandate.

As part of their DFM service, Brewin Dolphin provides you with quarterly reports and valuations, including commentary on the economic and investment environment.

They also provide a comprehensive year-end tax pack and access to online valuations through a secure website.

The key features of Brewin Dolphin's Discretionary Fund Management services are as follows:

• They provide a complete investment solution, based on your needs and what your current adviser recommends.
• You will have your own dedicated investment manager.
• They offer the benefits of a large-scale operation with all the research, portfolio building and investment management expertise needed.
• Brewin Dolphin gives you access to reviews, analysis, reports and online valuations.
• A research team identifies a ‘buy list’ of thoroughly researched investments, from which your investment manager will select when building your portfolio.

Annual management fees for Brewin Dolphin's DFM services are:

Fees will be charged in arrears and deducted quarterly.

The minimum quarterly fee is £250 + VAT.

There are no transaction commissions relating to your portfolio. However, some charges relating to activity on your portfolio will apply. 

You can learn more about their fees and charges in the documents section of this review.

NOTE:

• The value of investments can fall and you may get back less than you invested. 
• We would highly recommend reading the 'expert verdict' section of this review to make an informed decision.

Additionally, here's a free guide that can help you achieve better results. In this guide, you'll learn:

• Academic evidence only shared with a select few firms across the world
• A real-life example of why you should never try to outguess the market
• Why a fund's past performance is not enough to predict future returns
• Why you need to focus on what you can control and why this leads to a better investment experience
• Why you should accept the markets for what they are
• What can impact behaviour and make people seek instant gratification