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Brewin Dolphin: we won’t dump good funds on price grounds
by Robert St George on Jan 15, 2014 at 15:43
Stephen Ford, head of investment management at Brewin Dolphin, has said the firm will not let fund pricing dictate its investment selection, warning on the longer-term impact of a race to the bottom among asset managers.
‘We will not push hard for a race to the bottom, nor jettison premium funds that we judge best placed to achieve the desired outcome for our clients – the total net return to investors is the important figure to watch,’ Ford (pictured) said.
Ford noted that in any case Brewin Dolphin, with £30 billion of funds under management, had ‘considerable scale’ to negotiate fees with asset managers.
Brewin Dolphin published its own national charging structure in 2012, and Ford welcomed today’s announcement on pricing from Hargreaves Lansdown as adding to the competitive landscape.
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