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Brewin Dolphin Strengthens Research Team

Liane Lau

20 March 2014

UK-listed wealth management group has appointed Michael Paul as a fund analyst to its research team, reporting to head of fund research Ben Gutteridge.

Paul was most recently an investment manager at City Asset Management and joins the 20-strong research team at the end of the month. In his new role, he will be responsible for research on structured products, emerging markets and Asia, Brewin Dolphin said in a statement.

In other news, Brewin Dolphin announced last December it was cutting investment advice services for clients with less than £50,000 ($81,000) in investable assets due to the costs of servicing these clients becoming unsustainable.

The decision to axe the investment services comes after the implementation of the Retail Distribution Review, which has priced consumers out of receiving independent financial advice by making it uneconomical for IFAs and wealth managers to deal with lower net worth clients.

Last December, Brewin Dolphin appointed Paul Wilson as a non-executive director. In a career spanning over 25 years, Wilson has been a leader of several professional services businesses and is currently a non-executive director of Abbey Protection and an advisory partner at Bain & Company, where he was previously a senior partner.