Aegon UK has entered a discretionary fund management1(DFM0) partnership with Brewin Dolphin on the Aegon Retirement Choices (ARC) platform, in a move to offer wider choice for advisers and their clients.

The addition of Brewin Dolphin(external link)is part of a wider commitment from Aegon UK to invest in the services valued by advisers.

The growth in the platform market has seen increasing numbers of clients demand sophisticated investment strategies, tailored to their specific needs and managed by investment experts. As a result, according to Platforum UK Adviser Guide this year, around 10% of platform assets under management2are now invested via DFMs.

As well as expanding the range of DFMs on offer, Aegon is investing in the services they use. This new partnership follows recent upgrades to Aegon's online model portfolio technology, and a significantly expanded investment range, with 488 new investments added over the last year across funds, ETF's3and Investment Trusts. Aegon's investment range now exceeds 4,000 different choices.

Truly inedependent

The partnership with Brewin Dolphin means advisers looking to outsource investment management, can now choose from Brewin's range of model portfolios on Aegon's platform, leaving the adviser to focus on wider financial planning priorities and matching clients to the right savings solutions. The independence of Brewin Dolphin allows them to solely focus on researching the whole of market for the best of breed funds.

Advisers looking to outsource investment management, can now choose from Brewin's range of model portfolios on Aegon's platform,

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Commenting on the partnership, Nick Dixon, Investment Director at Aegon said: 'Brewin Dolphin is a highly respected, award-winning, discretionary investment manager. We are delighted to announce this new partnership. The combination of their investment expertise alongside Aegon Retirement Choices efficient model portfolio technology and broad investment choice enables advisers to access effective portfolios online, managed by a specialist expert they trust.

'This partnership also marks a milestone in our commitment to continually develop the services most valued by clients and their financial advisers. We will further improve Aegon's investment offer in the coming year.'

Joining award winning porfolios and platforms

Commenting on the partnership, Gareth Johnson, Head of Managed Investment Services at Brewin Dolphin said: 'We're pleased to be joining forces with Aegon on their award-winning Aegon Retirement Choices platform. It gives us exposure to advisers seeking to make use of Aegon's new technology and functionality and pair this with our award winning model portfolios.

'We have been impressed with the development of the ARC platform and have worked closely with Aegon to ensure this delivers a robust and efficient service for advisers.'

  1. A form of investment management in which buy and sell decisions are made by a portfolio manager or investment counselor to meet a clients specific needs. The term 'discretionary' refers to the fact that investment decisions are made at the portfolio manager's discretion. Discretionary investment management is generally only offered to high net worth clients who have a significant level of investable assets.

  2. A form of investment management in which buy and sell decisions are made by a portfolio manager or investment counselor to meet a clients specific needs. The term 'discretionary' refers to the fact that investment decisions are made at the portfolio manager's discretion. Discretionary investment management is generally only offered to high net worth clients who have a significant level of investable assets.

  3. Assets managed or advised by an asset manager within the scope of Aegon Asset Management in return for a fee. This includes assets where the asset manager delegates to a sub-advisor but excludes assets delegated by the insurer to an external party.

    Where two Aegon Asset Management units manage the same assets (because one delegates to the other) then both will report the assets and there will be a consolidation adjustment to eliminate double counting.

    'Assets under administration', or 'assets serviced' e.g. where an external party manages the assets and an AAM unit does the administration and valuation, will be excluded. AUM will be reported on a market value basis. The Assets Under Management number will exclude derivative programs that are in place for the purposes of hedging shareholder liabilities but will include derivatives held within funds where the risk is for the account of the customer or policyholder.

  4. An ETF, or exchange traded fund, is a marketable security that tracks an index, a commodity, bonds, or a basket of assets like an index fund. Unlike mutual funds, an ETF trades like a common stock on a stock exchange. ETFs experience price changes throughout the day as they are bought and sold.

Written by: Aegon

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