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. ** Britishness, the British identity and common culture * British English, ...

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; french: Banque royale du Canada) is a Canadian multinational financial services company and the largest bank in Canada by market capitalization. The bank serves over 17 million clients and has more than 89,000& ...

and 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 London Stock Exchange (LSE) is a stock exchange in the City of London, England, United Kingdom. , the total market value of all companies trading on LSE was £3.9 trillion. Its current premises are situated in Paternoster Square close to St Pau ...

, 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 In finance, a buyout is an investment transaction by which the ownership equity of a company (law), company, or a majority share of the stock of the company is acquired. The acquiror thereby "buys out" the present equity holders of the target com ...

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, with an area of . In 2019, the city had an estimated population of 256,375. It is the largest settlement ...

, in 2002. 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 recent 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