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Brooks Macdonald launches international MPS

by James Phillipps on Dec 11, 2013 at 11:34

Brooks Macdonald launches international MPS

Brooks Macdonald has launched an international managed portfolio service to be run out of its Channel Islands office.

The suite of products comprises four actively managed risk-rated funds; defensive, cautious balanced, balanced and growth, which invest across a range of asset classes.

Jersey-based Praemium International will provide administration, execution and custody services for the MPS through its ‘managed accounts’ platform.

John Davey, chief executive of Brooks Macdonald International, said: ‘Following the considerable success of Brooks Macdonald’s managed portfolio service in the UK financial adviser market, we are pleased to now launch this equivalent service, which is tailored specifically for our growing international client base.

‘Working alongside Praemium, we look forward to providing our international clients with this new first-rate wealth management solution.’

3 comments so far. Why not have your say?

Alan Beaney

Dec 11, 2013 at 12:32

They might get a little surprise if they are selling this to expats. For many EU countries the Channel Islands, the Isle of Man and Gibraltar are considered 'Black Listed Countries and hence any portfolios administered their are subject to a punitive taxation regime!!

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David Cowell

Dec 11, 2013 at 12:36

I don't think that the IOM is, Alan.

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Alan Beaney

Dec 11, 2013 at 12:59

It definitely is in Portugal and is the reason Luxemburg and Irish offshore bonds are used more commonly in Europe.

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