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Evening Standard

Business

Simon English

Royal Bank of Canada buys City wealth manager Brewin Dolphin for £1.6 billion

Brewin Dolphin RBC Royal Bank of Canada

Wealth management for rich individuals has boomed in the City
(Picture: Didier Madoc-Jones of GMJ / City of London Corporation’)

BREWIN Dolphin, one of the oldest names in the City, is being sold to Royal Bank of Canada in £1.6 billion deal.

That’s just the latest flurry of activity in the growing wealth management space, as firms flock to advise retired baby boomers on how to manage their money.

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