Royal Bank of Canada acquires Brewin Dolphin for £1.6bn

Deal creates one of the largest wealth managers in the UK

Ayesha Venkataraman
clock • 2 min read

Royal Bank of Canada's (RBC) wealth management arm has completed the acquisition of Brewin Dolphin for £1.6bn.

The UK and Ireland wealth manager will now operate as RBC Brewin Dolphin, as part of RBC, and will continue to be led by its current chief executive Robin Beer. The "transformative acquisition," which was first announced by RBC in March this year, will create one of the largest wealth managers in the UK Channel Islands and Ireland with £58bn assets under management as at 31 August 2022. RBC Wealth Management International and RBC Brewin Dolphin will continue to operate as separate businesses until integration over the coming months, with no immediate changes to the propositions that e...

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 Your Business

Söderberg invests in first Scottish advice business

Söderberg invests in first Scottish advice business

Takes minority stake in Murphy Wealth

Jen Frost
clock 16 April 2025 • 2 min read
All the advice firm acquisitions that have taken place in 2025

All the advice firm acquisitions that have taken place in 2025

Keeping track of the ongoing consolidation of the advice industry

Professional Adviser
clock 15 April 2025 • 2 min read
Corbel Partners buys seven advice businesses

Corbel Partners buys seven advice businesses

Another five in the pipeline this year

Jen Frost
clock 15 April 2025 • 2 min read