Brewin Dolphin : offers Expats investment management from Ireland

Brewin Dolphin Ireland is offering its investment management services, including ISAs, to British expatriate clients whose current UK wealth managers are no longer able to look after them.

Brexit legislation in December last year ended financial services passporting between the UK and the European Union. As Brewin Dolphin Ireland remains within the European Union it can continue to provide its expat clients with general investment management services and certain products. From its offices in Dublin and Cork, the business will continue to deal with expat clients in the 27 countries within the EU.

Brewin Dolphin effectively doubled its Irish operations in 2019 when it acquired Investec's wealth and investments business to become one of the largest discretionary wealth managers in Ireland. With the regulatory regime having changed on 1 January 2021, the wealth manager is already gaining expat clients from a number of wealth managers in the UK who do not have an EU based business, including clients from the Brewin Dolphin business in the UK.

Hal Catherwood, chairman of the board for Brewin Dolphin Ireland, said:

'We're fortunate to have our offices in Ireland with investment managers that are already operating within the EU. We're able to stand by our existing expat clients and we will continue to look after them. Our doors are also open for orphaned clients who no longer have a financial adviser.'

Eddie Clarke, chief executive of Brewin Dolphin Ireland, said:

'British people who have chosen to live, work or retire in the EU shouldn't be penalised or cut off from access to the type of style and approach to discretionary investment management and advice that they have relied upon for decades. Having reviewed the new regulatory landscape, we believe we can continue to offer those same individuals a consistent service along with all the comfort of a familiar UK name.'

Brewin Dolphin's investment in its information technology a few years ago has enabled a seamless transition to working from home for its advisers and a smooth digital experience for its clients throughout the pandemic. Clients can speak to their advisers by phone or by video link.

PRESS INFORMATION
For further information, please contact:
Richard Janes [e-mail] / Tel. [phone]
Anita Turland: [e-mail] / Tel: [phone]
Siân Robertson: [e-mail] / Tel: [phone]

NOTES TO EDITORS:

• The value of your investment may go down as well as up.
• The opinions expressed in this document are not necessarily the views held throughout Brewin Dolphin.
• Past performance is not a reliable guide to future performance.
• We or a connected person may have positions in or options on the securities mentioned herein or may buy, sell or offer to make a purchase or sale of such securities from time to time. In addition we reserve the right to act as principal or agent with regard to the sale or purchase of any security mentioned in this document. For further information, please refer to our conflicts policy which is available on request or can be accessed via our website at www.brewin.co.uk.
• This information is for illustrative purposes only and is not intended as investment advice.
• No investment is suitable in all cases and if you have any doubts as to an investment's suitability then you should contact us.
• Your investment may be affected by changes in currency exchange rates.
• If your clients invest in currencies other than their own, fluctuations in currency value will mean that the value of their investment will move independently of the underlying asset.
• The information contained in this document is believed to be reliable and accurate, but without further investigation cannot be warranted as to accuracy or completeness.
• Please note that this document was prepared as a general guide only and does not constitute tax or legal advice. While we believe it to be correct at the time of writing, Brewin Dolphin is not a tax adviser and tax law is subject to frequent change. Tax treatment depends on your individual circumstances; therefore you should not rely on this information without seeking professional advice from a qualified tax adviser.
• Brewin Dolphin is authorised and regulated by the FCA (Financial Services Register reference number 124444).
• Brewin Dolphin Ireland is authorised and regulated by the Central Bank of Ireland.

About Brewin Dolphin:

Brewin Dolphin is a UK FTSE 250 provider of discretionary wealth management. With £52.6* billion in total funds, it offers award-winning personalised wealth management services that meet the varied needs of our clients 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 £45.7* billion on a discretionary basis.

Our intermediary business manages £16.4* billion of assets for over 1,700 advice firms either on a discretionary basis or via our Managed Portfolio Service and the MI Brewin Dolphin Voyager fund range.

In line with the premium we place on personal relationships, we've built a network of 34 offices across the UK, Jersey and Republic of Ireland, 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.

For more information, visit: www.brewin.co.uk

*as at 31st March 2021.