The head of Brewin Dolphin said the regulatory shake-up that is due to affect the sale of investment products will create opportunities for the business in Scotland after the company unveiled a big increase in profits.
The head of Brewin Dolphin said the regulatory shake-up that is due to affect the sale of investment products will create opportunities for the business in Scotland after the company unveiled a big increase in profits.
UPBEAT: Brewin Dolphin executive chairman Jamie Matheson, flanked by divisional director Alasdair Ronald and assistant director David Moore.
Custom byline text:
MARK WILLIAMSON
Brewin Dolphin increased pre-tax profits 36%, to £29.9 million in the 52 weeks to September 30 from £21.9m in the same period last year, helped by cost reductions and a small rise in income.
Jamie Matheson, executive chairman, said Brewin Dolphin is well positioned for growth ahead of the reforms included in the Retail Distribution Review (RDR). He believes the reforms, which take effect from December 31, will allow investment specialists of Brewin Dolphin's scale to grow at the expense of small players.
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