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

All the advice firm acquisitions that have taken place in 2026

All the advice firm acquisitions that have taken place in 2026

Keeping track of the ongoing consolidation in the advice industry

Professional Adviser
clock 07 July 2026 • 3 min read
The IFA buy-and-build playbook: Why integration and repeatability now matter more than price

The IFA buy-and-build playbook: Why integration and repeatability now matter more than price

How buy-and-build execution is changing

Jonathan Steele
clock 02 July 2026 • 4 min read
Vast majority of advisers say generating more leads 'vital' this year

Vast majority of advisers say generating more leads 'vital' this year

Research finds lead generation difficult

Jenna Brown
clock 01 July 2026 • 1 min read