Wealth Manager - the site for professional investment managers

Register to get unlimited access to all of Citywire’s Fund Manager database. Registration is free and only takes a minute.

Brewin Dolphin shuts York office

Brewin Dolphin shuts York office

Brewin Dolphin has closed its doors in York after seven years.

The national wealth manager has decided to merge the York branch into Leeds.

Michael Craven, who is responsible for the Leeds branch, will head up the merged office, which will have £1.5 billion under management and 45 investment managers and financial planners working under the same roof.

Assistant director Alison Pickup has been placed on gardening leave as a result of the merger. The company said she has been invited to apply for other roles in the company. Three administration assistants have also been made redundant. Meanwhile office head Paul Widdicombe, Charles Thompson, Craig Richardson and Helen Hare have all transferred to Leeds.

Linked to the decision, Brewin will relocate to new premises at 10 Wellington Place in the autumn.

The York office was launched in 2007 after a team defected from Barclays Wealth. At the time Brewin merged its Scarborough office into the new York office.

Stephen Ford (pictured), head of investment management, commented: 'While we recognise this is a sad day for York, we are continually reviewing how we conduct business to ensure our clients receive the best possible service. I am confident that all our clients will be very well served from our new enlarged Leeds office and that we will continue to grow our important and highly valued business in Yorkshire from our new state of the art building.'

Leeds head Craven added: 'I believe that all of our clients throughout the county and beyond, will benefit from having one stronger Yorkshire office with considerably increased resources and we look forward to welcoming clients and colleagues from York.'

Brewin, previously known for its regional expansion, has closed a string of offices over the past year. Its Chester and Truro offices were closed in May. It followed closures of branches in Lymington and Dorchester and plans to open a consolidated office in Bournemouth.

The Chester office closure also follows the decision to shut shop in Stoke in October of last year, with clients and some staff moved over to the national wealth manager's Manchester branch.

Other divisions have shut in Teeside, Inverness and Stoke.


Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.
Citywire TV
Brewin's Foster: the world’s most unconventional monetary policies

Brewin's Foster: the world’s most unconventional monetary policies

In this week's podcast, Guy Foster asks why the world’s biggest economies are pursuing some of the world’s most unconventional monetary policies. 

Play Charles Tan on Woodford & hidden trust income gems

Charles Tan on Woodford & hidden trust income gems

Cantor Fitzgerald investment company analyst Charles Tan discusses Woodford Patient Capital and some of the income trusts slipping under the radar.  

Play Taxicab Tenner: SGPB Hambros CIO Eric Verleyen

Taxicab Tenner: SGPB Hambros CIO Eric Verleyen

In the second episode of our new series, Verleyen jumps on board a black cab and explains how hard it's become to find good valuation on the market.  

Wealth Manager on Twitter