RBC Brewin Dolphin (the trading name for Brewin Dolphin Holdings) is one of the largest

British British may refer to: Peoples, culture, and language * British people, nationals or natives of the United Kingdom, British Overseas Territories and Crown Dependencies. * British national identity, the characteristics of British people and culture ...

wealth management firms with over 30 offices throughout the UK, Jersey and Ireland, and c. 2,000 employees. It provides investment management and financial planning services to individuals, companies, intermediaries and charities. On 27 September 2022, Brewin Dolphin was acquired by the

Royal Bank of Canada Royal Bank of Canada (RBC; ) is a Canadian multinational Financial institution, financial services company and the Big Five (banks), largest bank in Canada by market capitalization. The bank serves over 20 million clients and has more than ...

; the company has since been known as "RBC Brewin Dolphin".

History

The business can trace its origins back to the establishment of the stockbroking firm of John Dawes, a founder of the

London Stock Exchange The London Stock Exchange (LSE) is a stock exchange based in London, England. the total market value of all companies trading on the LSE stood at US$3.42 trillion. Its current premises are situated in Paternoster Square close to St Paul's Cath ...

, in 1762.Archer, Angela page 36 His firm evolved through many partner changes to become Wontner, Dolphin & Francis in 1970. In 1974 Brewin & Co merged with Wontner, Dolphin & Francis to form Brewin Dolphin. The business was incorporated in 1987 and acquired by Scandinavian Bank the same year. It was then the subject of a management buy-out from Scandinavian Bank in 1992 and was first listed on the

in 1994. It acquired Bell Lawrie, a Scottish firm of investment managers, in 1993. It went on to buy Wise Speke, an investment manager operating in the North of England, in 1998 and Popes, a firm based in

Stoke-on-Trent Stoke-on-Trent (often abbreviated to Stoke) is a city and Unitary authorities of England, unitary authority area in Staffordshire, England. It has an estimated population of 259,965 as of 2022, making it the largest settlement in Staffordshire ...

, in 2002. It sold Stocktrade to Alliance Trust Savings in 2015. It then acquired Duncan Lawrie Asset Management, a firm operating in London, in December 2016 and Investec Wealth Management, a firm operating in Ireland, in October 2019. Other acquisitions include IFA firms Aylwin (2018), Epoch Wealth Management (2019), and actuarial consultancy Mathieson Consulting (2019). In March 2022, RBC made a recommended offer for the company worth £1.6 billion, subject to regulatory and shareholder approval. The necessary approvals were secured in September 2022.

History

References

Further reading