18 May 2018
Wealth manager Brewin Dolphin recently completed an acquisition for its Dundee office with the purchase of the financial planning and investment assets of local business Clark Thomson MortgageFinders Ltd. The purchase price is not being disclosed.
It marks a significant move for the Brewin Dolphin Dundee office to further grow its financial planning and investment management services with the addition of 150 clients.
The acquisition came about as a result of a longstanding professional relationship between David Hogg, one of the directors and owners of Clark Thomson Mortgagefinders Limited, and the head of Brewin Dolphin’s Dundee office, Ian MacDonald. David Hogg is set to retire after 35 years in the industry.
David Hogg, Owner/Director, Clark Thomson Mortgagefinders Limited, commented: “I was very keen to make sure I found the best local outlet for my clients and had no hesitation in recommending Brewin Dolphin to them. They are a financially strong company with a local presence. I had also known Ian [MacDonald] for many years and was confident the Dundee team would take good care of my clients.
“Being the only investment adviser at Clark Thomson MortgageFinders Ltd meant there were limited options for us, and so with three experienced financial planners in the Brewin Dolphin Dundee team, this means they can offer professional advice and a wider range of services.”
“As I am retiring, the acquisition does not involve taking on any employees, who will remain with Clark Thomson Mortgagefinders Limited, giving advice on mortgages and non-investment life insurance policies, which is headed up by owner/director Maureen Dye.”
Ian MacDonald, Head of Brewin Dolphin’s Dundee office, said: “As people’s financial lives become more complex, and the economic climate more uncertain, we have seen an increasing need for trusted and expert advisers to take the strain from those who need help with their finances. We are keen to continue serving the financial needs of our local clients, with the strength and influence of the Brewin Dolphin name behind us.
He added: “I have known David Hogg for over 25 years and have every confidence that he ran a quality business. Our styles and philosophy are very similar, and I saw his clientele as being a good fit for us”.
Brewin Dolphin’s Dundee office was established in 1998 and currently has a team of 13 encompassing three fully qualified financial planners, including new financial planner Blair Moffat, and three investment managers. The company also recently hired paraplanner Atif Khalid.
NOTES TO EDITORS
About Brewin Dolphin
Brewin Dolphin is a UK FTSE 250 provider of discretionary wealth management. With £39.7* billion in total funds, it offers award-winning personalised wealth management services that meet the varied needs of over 80,000 account holders including individuals, charities and corporates.
We give clients security and wellbeing by helping them to protect and grow their wealth, in order to enrich their lives by achieving their goals and aspirations. Our services range from bespoke, discretionary investment management to retirement planning and tax-efficient investing. Our focus on discretionary investment management has led to significant growth in client funds and we now manage £34.3* billion on a discretionary basis.
Our intermediary business manages over £11* billion of assets for over 1,000 advice firms either on a discretionary basis or via its Managed Portfolio Service.
In line with the premium we place on personal relationships, we’ve built a network of 29 offices across the UK, Jersey and Dublin, staffed by qualified investment managers and financial planners. We are committed to the most exacting standards of client service, with long-term thinking and absolute focus on our clients’ needs at the core. The value of investments and any income from them can fall, and clients may get back less than they invested.
*as of 31 March 2018