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Shares in Brewin Dolphin up by nearly 80% in two years
Wealth manager Brewin Dolphin (BRW) is forecast by analysts to increase pre-tax profit by nearly 12% this year to £78.1m and by a further 13% in 2019 to £88.2m.
The company is on a roll, judging by its latest half year results which showed net new inflows in discretionary funds under management growing at an annualised rate of 7.7%.
The £1bn wealth manager is busy consolidating a highly fragmented market having bought the financial planning and investment assets of Dundee-based Clark Thomson MortgageFinders earlier this week.
The move will add 150 new clients to Brewin Dophin and is part of the company’s aim to broaden its financial planning and investment management arm.
Shares in the business have been rallying since summer 2016, rising by nearly 80% to 386p. (DS)