Brewin Dolphin

Brewin Dolphin group head of research Matthew Butcher has left the group after nine years, Investment Week understands.

BIG QUESTION

SPECIAL REPORT

Wealth managers and asset managers have led the pack in early morning trading after a number of companies delivered positive updates to the market.

Brewin Dolphin raised £38.6m through its recent share placing, which aimed to create £40m of new capital to fund investment in the business.

Brewin Dolphin is reviewing the service it offers clients with less than £50k in assets under management.

Royal London Asset Management's Martin Cholwill is backing wealth managers to outperform in the financial services space as he looks for stocks set to benefit from ‘survivor bias'.

While asset managers have enjoyed 12 months of healthy bottom line growth, some of the UK's highest profile wealth managers appear to be at a different stage of the cycle.

SPECIAL REPORT

Shore Capital has upgraded wealth manager Brewin Dolphin to a 'buy' after the group successfully navigated the RDR rule change by retaining clients despite an increase to its fees.