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

4 Feb, 2022

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.

Creative Lifestyle Planning Ltd is an Appointed Representative of and represents only St. James's Place Wealth Management plc (which is authorised and regulated by the Financial Conduct Authority) for the purpose of advising solely on the Group’s wealth management products and services, more details of which are set out on the Group’s website http://www.sjp.co.uk/products. The ‘St. James's Place Partnership’ and the titles ‘Partner’ and ‘Partner Practice’ are marketing terms used to describe St. James's Place representatives.

Matt’s focus when starting Creative Lifestyle Planning was to make financial advice more focussed on an individual and families life in the past, present and the future using financial coaching to release any barriers you may have to live the life you wish to going forwards and provide a plan to give you financial peace of mind, safe in the knowledge that Creative Lifestyle Planning are taking care of their wider financial planning and are there to keep them on track to achieve their goals.

Matt has many interests outside of work including managing a non-league football team, playing golf very badly and having lots of time with his wife Lucy, Daughter Sophie and little Cockapoo Coco.

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