A four-strong team are not set to move over to Brewin Dolphin as part of the takeover.
The Duncan Lawrie Asset Management research team is set to be made redundant, this publication has learned.
A person familiar with the matter confirmed to WealthBriefing that the redundancies are a result of Brewin Dolphin’s impending acquisition of the investment management business of Duncan Lawrie, with Brewin having its own research team in place. DLAM declined to comment about the matter, while a source at Brewin confirmed that while DLAM's investment team of 11 investment managers and eight investment support staff were expected to join the company at its London and Bristol offices, the research team was not a part of the acquisition.
The takeover, which is due for completion in the first quarter of this year, will increase Brewin’s total group funds under management to £36.1 billion ($44.7 billion), following DLAM’s addition of £735 million in AuM. The acquisition will also add around 1,000 client relationships to the firm. Read more here.