Brewin Dolphin to acquire Duncan Lawrie Asset Management

To complete in first half of 2017

Laura Dew
clock • 2 min read

Brewin Dolphin is to buy Duncan Lawrie Asset Management(DLAM)for around £28m,increasing the firm's funds under management to £36.1bn.

The deal will comprise a cash payment on completion of £25.5m and a payment to reflect the value of the net assets of the business at that date (estimated at £2.5m). It will be financed from Brewins' own cash resources, which stood at £171m at the end of the company's financial year (30 September 2016). Completion of the acquisition is expected to take place during the first half of 2017, and is still subject to certain regulatory approvals. DLAM has £735m in funds under management, around 1,000 clients and 19 staff. Approximately 84% of these funds are managed on a discretionary basi...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Companies

FSCS declares two advice firms failed

FSCS declares two advice firms failed

Inspirational Financial Management and Attanta are no longer trading

Isabel Baxter
clock 04 April 2025 • 2 min read
Advice duo set up own firm after previous MBO fell through

Advice duo set up own firm after previous MBO fell through

Simon Fettroll and Mark Ventham founded Cesta Financial Planning

Isabel Baxter
clock 01 April 2025 • 5 min read
SJP partner practice Morrinson Wealth Management closes down

SJP partner practice Morrinson Wealth Management closes down

Advisers and clients have been transferred to Fortura Financial Partners

Isabel Baxter
clock 31 March 2025 • 1 min read