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

Schroders overhauls wealth management leadership team

Schroders overhauls wealth management leadership team

Evolving with client needs

Michael Nelson
clock 14 July 2026 • 1 min read
FSCS declares pensions and investment advice firm failed

FSCS declares pensions and investment advice firm failed

Suber PCS faces 25 claims

Isabel Baxter
clock 13 July 2026 • 1 min read
Quilter partners with Plain Numbers as part of vulnerability work

Quilter partners with Plain Numbers as part of vulnerability work

One year partnership

Sophia Panayi
clock 13 July 2026 • 2 min read