Brewin Dolphin is looking to its shareholders to raise around £40m through a share placing in order to accelerate its growth strategy, improve its competitive position and allow it to acquire client teams in “strategic regions”.
Harry Burnham is leaving Brewin Dolphin after more than a decade at the firm to join the board at Ashcourt Rowan, the latest in a raft of new recruits to the asset manager.
Jamie Matheson has stepped down as executive chairman of Brewin Dolphin, with David Nicol promoted to chief executive officer.
Industry experts reacted with horror to S&P Capital IQ claims that European high yield bond default rates could reach 32% in 2013, a figure which is estimated to be around twice the highest default rate on record.
Kris Barclay, former associate director at Brewin Dolphin, has been appointed to the investment team at Edinburgh-based Charlotte Square.
Investment management is separate to financial planning – as it should be – but as clients' needs change so the two disciplines are being tied closer together.
Brewin Dolphin’s advisory arm reported £100m of net outflows in the final three months of 2012 as the firm moved over to its new RDR-compliant pricing model.
Brewin Dolphin reported increased funds under management and profits for the year to 30 September, it revealed in its preliminary results today.
Brewin Dolphin has expanded its presence in north-east England with hires from two of its peers, UBS Wealth Management and Quilter.
Brewin Dolphin saw outflows of £1.2bn in the nine months to 30 June, half of which it put down to the group’s change to a “transparent fee-based charging basis”.
JM Finn & Co has nabbed four former Brewin Dolphin employees, who will join as senior investment managers and be based in London.
Brewin Dolphin has appointed a new head for its Exeter Office, Tim Walker, as the former head Richard Pike steps back to concentrate on his work for the groups charity team.
