9 October 2012
One of the UK’s largest private client investment managers now has more than £3bn of its clients’ assets in UK Investment Companies.
Brewin Dolphin, which has 40 offices throughout the UK and the Channel Islands, established its dedicated Investment Trust Research department five years ago, under the leadership of John Newlands with investments totalling £1.7bn at that time.
This figure has nearly doubled since then and during which the headline FTSE-100 has fallen by more than 500 points.
Almost 12 per cent of Brewin Dolphin’s total assets under management are now in investment trusts. “With the onset of the Retail Distribution Review this highlights the increasing importance of investment trusts,” said John. “Their competitive running costs, transparency, independent boards and annual general meetings that all shareholders can attend and vote; provide the sort of reassurance from which many clients draw comfort,” he added.
John has specialised in investment trusts, their capital structures and their histories for the past 17 years. In 2009 he was joined by Edinburgh University graduate Martina Jersakova and, in August 2012, by Chartered Financial Analyst Ian Cooper.
“We are delighted to have reached this landmark and to be able to expand the team of analysts here – Ian and Martina are making a huge difference to our output for the all the investment managers around the Brewin Dolphin Group – who are hungry for research on Investment companies for their clients, and ever more so as RDR approaches.” said John Newlands.
Annabel Brodie-Smith, Communications Director for the Association of Investment Companies, said: “We applaud Brewin Dolphin for successfully promoting the virtues of investment companies to their many clients. RDR represents a significant long-term opportunity for the investment company industry. We are working hard to educate advisers about investment companies, to communicate their benefits to a wider audience and to ensure investment company information is user-friendly and comprehensive.”
ENDS
For more information please contact John Newlands on 0191 279 7799