Wealth Manager - the site for professional investment managers

Register to get unlimited access to Citywire’s fund manager database. Registration is free and only takes a minute.

Brewins merges Bradford and Leeds offices in branch 'tidy up'

Brewins merges Bradford and Leeds offices in branch 'tidy up'

Brewin Dolphin’s Bradford office will be rolled into its operation in Leeds.

Jamie Matheson, the private client investment manager’s chair, confirmed the change to Wealth Manager and said there had been a bit of ‘tidying up’ in its 42-strong branch network.

As well as the Bradford office moving to join its colleagues in Leeds, Brewins’ Elgin office in Moray, Scotland, has relocated to Inverness, while its Dumfries hub has moved to Penrith.

But Matheson said Brewins’ clients and investors should not expect significant changes to its nationwide operation. ‘We have done a bit of tidying up with the network during the year.  We are not looking [to introduce] material changes beyond that. You might see a degree [of change] but not a significant quantum,’ he explained.

Speaking after Brewins’ preliminary results, in which the firm posted a 36.5% rise in pre-tax profits to £29.9 million, Matheson (pictured) said financial planning would remain in focus so that over the longer term all of Brewins’ offices could provide these services to investors.

‘We want to broaden the service offering to clients, but that’s going to take time to get people right for us and our clients. We cannot do that overnight,’ he said, adding the shift could take around two years to complete. 

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.
Citywire TV
Play Picton: the UK property hotspots for rental income

Picton: the UK property hotspots for rental income

Picton Property Income CEO Michael Morris reveals how he is planning to ride the ‘ripple effect’ as UK economic growth spills out from the capital across the country.

Brewin's Foster talks financial crisis MkII with Allianz's Riddell

Brewin's Foster talks financial crisis MkII with Allianz's Riddell

This week Brewin Dolphin's head of research talks to Mike Riddell, fund manager at Allianz Global Investors, about the forces driving bonds markets in a tumultuous week for markets.

Play Henderson's Hermon: how to be defensive in smaller caps

Henderson's Hermon: how to be defensive in smaller caps

Hermon, who manages the Henderson Smaller Companies trust, talks about he will tackle a 'challenging' 2016.

Your Business: Cover Star Club

Profile: 'what we are doing at Mosaic is Darwinian'

Profile: 'what we are doing at Mosaic is Darwinian'

The changes in financial services over the last few years may leave some destitute warns Marco Sambucci of Mosaic Money Management

Wealth Manager on Twitter