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Can you please give me your thoughts on Brewin Dolphin for investments of about £2m?

04 February 2022

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Question by Majella & Christine

Can you please provide an opinion on Brewin Dolphin for investments of about £2m?


Answered by Matt Angell

Hi Majella and Christine,

A good company with nice literature and experience of managing client money. It would be a restricted service you would be using which sometimes has its downfalls.

However, I would have concerns about the overall costs you would pay initially and annually as Brewin Dolphin uses percentages and advertise these transparently on their website. https://www.brewin.co.uk/sites/brewin-corp-v2/files/brewin-library/documents/uk-main/services/core-wealth-management/fees-brochure-charges.pdf

The more someone pays both initially and annually means it is eating into your potential returns going forwards and add into this the current rate of inflation could mean a large amount of risk to even breakeven.

With an investment of circa £2m then I would personally look for an independent financial adviser/planner who will charge on a fixed fee basis so you get true value for money and not restricted to one companies investments or platform.

Hope the above helps,

Thanks,

Matt

Answered by

Matt Angell

Founder & Financial Planner

I am the founder of Creative Lifestyle Planning, an independent financial planning firm that works with many families across the UK. Matt specialises in helping families to answer those all important questions they have on their mind and helping many clients gain a clearer, simply understanding of when and how to they can retire.