Brewin axes investment services for sub-£50k clients

Brewin Dolphin is cutting investment services for clients with portfolios valued at under £50,000 due to unsustainable costs.

The discretionary fund manager launched a review of these clients' suitability for bespoke services in July.  Brewin Dolphin head of investment management Stephen Ford said affected clients are being informed of the decision. He said: "We are now reacting to [a] change in client needs by re-focussing our proposition and resources around helping more people with their money on a discretionary basis. "We are still committed to our existing clients who decide to stay with an advisory service and we are also simplifying our proposition by withdrawing some other outdated and less suitab...