It is arguably the first time, outside of Old Mutual’s WealthSelect, that we’ve seen buying power exercised in the on-platform model portfolio space for the benefit of customers. Brewin can do that because it’s got the thick end of £3bn in its models and so has some muscle to flex.
So there you have it. Tonnes going on, and tonnes I haven’t even mentioned yet. You’ll just have to tune in next month to see what else is happening.
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Mark Polson is principal of platform and specialist consultancy the Lang Cat
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