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Brewin Dolphin Closes Two More Offices

Stephen Little

16 May 2014

UK-listed wealth management group has closed down its offices in Chester and Truro as it continues to consolidate its branch network.

The Chester and Truro branches will now merge into the Manchester and Plymouth offices, Brewin Dolphin said in a statement.

These developments will be led by Richard Platt, director of the North Midlands region and Alex Barrel, director of the South West region.

Darryn Richards and Jonathon Croggon, divisional directors in Truro, have transferred to the Plymouth office, Brewin said.

“We are continually reviewing how we conduct business to ensure that our clients receive the best possible service.  I am confident that all our clients will be very well served from our Manchester and Plymouth offices and we will continue to grow our important and highly valued business in the regions," said Stephen Ford, director of Brewin Dolphin and head of investment management.

The move comes after Brewin Dolphin announced in April that it was closing its Lymington and Dorchester branches and opening a consolidated office in Bournemouth.

Earlier this week, Brewin Dolphin said that it expects to book an exceptional pre-tax impairment cost of around £32 million ($53.9 million) in the second half of this year because of a decision not to roll out a form of software for its discretionary wealth business, after hitting snags in its execution-only arm. For more on this story, click here.