Brewin Dolphin assets reach £42bn
Brewin Dolphin assets under management (AUM) were up 6.5% for the quarter.
Brewin Dolphin assets under management (AUM) were up 6.5% for the quarter.
Brewin Dolphin has deepened its toehold in Dundee by purchasing the financial planning and investment assets of Clark Thomson Mortgagefinders.
Brewin Dolphin has seen flows into its managed portfolio service (MPS) slow despite announcing earlier this year that it would be cutting costs by between 17% and 27%.
Brewin Dolphin is one of the few discretionary fund managers to put its head above the parapet and defend its use of the agent as client relationship with advisers, which has recently come under fire.
Jupiter Asset Management CEO Maarten Slenderbroek has said “we can and must do better” on eliminating its 38% pay gap between male and female employees.
Brewin Dolphin’s head of finance Ben Thorpe has moved over to Brooks Macdonald as group finance director.
St James’s Place’s market dominance showed no signs of letting up, as it grew funds under management (FUM) by 20% to £90.7bn in 2017. Meanwhile, Brewin Dolphin reported “positive momentum” in the first quarter.
Brewin Dolphin has announced it will be cutting costs across its managed portfolio service by between 17% and 27% through switching to a segregated mandate structure from its current pooled retail funds model.
Carillion announced that it has gone into liquidation after rescue talks with key lenders over the weekend proved unsuccessful.
As the year comes to a close, investment managers have started to prepare for 2018. Portfolio Adviser asked a group of top fund selectors to pick one fund to watch in 2018.
The latest figures on employment and wages released Wednesday morning suggest an improving picture for UK workers.
Discretionary fund managers (DFMs) need to considerably up their game on transparency if they are to meet the ongoing trend for advisers to outsource investment decisions and the regulatory demand from Mifid II, research has found.