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| Formerly | Brewin Dolphin |
|---|---|
| Company type | Subsidiary |
| Industry | Investment management |
| Founded | 1762; 263 years ago (1762) |
| Headquarters | London, England, UK |
Key people | Robin Beer (CEO) |
| Revenue |  £405.9 million (2021)[1] |
| £74.0 million (2021)[1] | |
| £55.3 million (2021)[1] | |
| AUM | £51.7 billion (2022)[2] |
| Parent | Royal Bank of Canada (2022-present) |
| Website | www |
RBC Brewin Dolphin (the trading name for Brewin Dolphin Holdings) is one of the largestBritish wealth management[3] firms with over 30 offices throughout the UK, Jersey and Ireland, and c. 2,000 employees.[4] It provides investment management and financial planning services to individuals, companies, intermediaries and charities.
On 27 September 2022, Brewin Dolphin was acquired by theRoyal Bank of Canada; the company has since been known as "RBC Brewin Dolphin".[5]
The business can trace its origins back to the establishment of the stockbroking firm of John Dawes, a founder of theLondon Stock Exchange, in 1762.[6] His firm evolved through many partner changes to become Wontner, Dolphin & Francis in 1970.[6] In 1974 Brewin & Co merged with Wontner, Dolphin & Francis to form Brewin Dolphin. The business was incorporated in 1987 and acquired byScandinavian Bank the same year. It was then the subject of a managementbuy-out from Scandinavian Bank in 1992 and was first listed on theLondon Stock Exchange in 1994.[7]
It acquired Bell Lawrie, aScottish firm of investment managers, in 1993.[8] It went on to buy Wise Speke, an investment manager operating in the North of England, in 1998[9] and Popes, a firm based inStoke-on-Trent, in 2002.[10]It soldStocktrade toAlliance Trust Savings in 2015.[11][12] It then acquired Duncan Lawrie Asset Management, a firm operating in London, in December 2016[13] and Investec Wealth Management, a firm operating in Ireland, in October 2019.[14] Other acquisitions include IFA firms Aylwin (2018),[15] Epoch Wealth Management (2019),[16] and actuarial consultancy Mathieson Consulting (2019).[17]
In March 2022, RBC made a recommended offer for the company worth £1.6 billion, subject to regulatory and shareholder approval.[18][19] The necessary approvals were secured in September 2022.[20]
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