While many are hailing the RDR a new dawn for closed-ended funds, John Newlands, head of investment trust research at Brewin Dolphin, warns it could cut both ways.
Brewin Dolphin reported income for Q3 was up 4.4% to £66.8m compared to the same period in 2011, with recurring revenue now representing 67% of the total.
Brewin Dolphin reported pre-tax profits for the half year to 31 March 2012 were up 3.3% on the same period last year to £12.3m, while income remained steady at £131.4m
Will excessive caution lead wealth managers to miss out on lucrative opportunities? Katie Holliday reports.
Brewin Dolphin's John Newlands explains why investors should stick with veteran managers even when new and exciting opportunities enter the market.
Ben Gutteridge, director, fund research at Brewin Dolphin, urges investors to stick with long/short strategies despite their recent run of disappointing performance.
Unicorn UK Income manager John McClure said wealth manager Brewin Dolphin has the potential to increase margins by over 50% as it catches up with its peers in the sector.