Brewin Dolphin: Building a Strong Culture

At Brewin Dolphin, they've made a deliberate effort to build a strong culture that fosters a sense of community among their employees. This approach has led to a highly engaged and motivated workforce.

Their open-plan offices are designed to encourage collaboration and teamwork. Employees are encouraged to share ideas and work together to achieve common goals.

Brewin Dolphin's focus on building a strong culture has paid off, with employee retention rates significantly higher than industry averages. This suggests that their approach is effective in creating a positive work environment.

By prioritizing culture, Brewin Dolphin has created a workplace where employees feel valued and supported, leading to increased job satisfaction and productivity.

Brewin Dolphin's culture is built on a comprehensive people strategy that modernizes working practices and helps colleagues thrive through change. This strategy includes culture, leadership, people development, diversity, and employee engagement.

The company has seen significant progress in building a culture to be proud of, with increasing scores and comments in their survey. The values of the company, including 'Enriching Lives', have stood them in good stead with colleagues.

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Fiona Wallace, Head of Organisational Effectiveness, sees technological advance as a positive enabler for the organisation. The digital world is increasing client and employee expectations, so they are constantly looking for ways to enhance their client and employee experience.

The company has a supportive culture that focuses on wellbeing and how colleagues are coping with change. They are also committed to diversity and inclusion, with an internal D&I committee that works with colleagues to promote diversity and inclusion across the organisation.

Brewin Dolphin is a member of several external groups, including the Business Disability Forum and LGBT+ network myGwork. They are also signatories of the Women in Finance Charter and the Disability Confident Scheme, which help them monitor progress and take meaningful action.

The company has made significant progress in achieving gender diversity, with 35% female representation in senior management roles by the end of 2021. This is a result of their commitment to the Women in Finance Charter and the establishment of a forum for positive exchange and networking, Women@Brewin.

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Brewin Dolphin has faced challenges in its history, including the collapse of Lehman Brothers in 2008, which led to a significant decline in assets under management. This event resulted in a £1.1 billion loss.

The company has also faced criticism for its investment strategies, with some clients expressing disappointment with the performance of certain funds.

Brewin Dolphin's financial performance has been impacted by market fluctuations, with the company reporting a decline in profits in 2012.

The company has taken steps to address these challenges, including investing in new technology and expanding its services to meet changing client needs.

Some clients have expressed concerns about the company's ability to provide personalized service, citing large client bases and high staff turnover.

Brewin Dolphin's history dates back to 1762, making it one of the oldest wealth management firms in the UK.

Their expertise spans over 250 years, providing a wealth of knowledge to their clients. With a long history of serving the financial needs of individuals and businesses, they have developed a deep understanding of the market.

Brewin Dolphin's commitment to their clients is evident in their mission to deliver tailored investment solutions that meet their unique needs.

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Having a strong company culture can be a game-changer during a crisis like the Covid-19 pandemic.

It helps employers prioritize their people's safety and well-being, as seen in Brewin Dolphin's approach.

Their values guide their actions, giving employees a sense of security and stability during uncertain times.

By putting their people first, Brewin Dolphin sets a positive example for other companies to follow.

Brewin Dolphin has a strong brand and provides a range of managed DFM solutions which are fairly secure.

If you already have investments with Brewin Dolphin worth £500,000 or more, seeking a Second Opinion is highly recommended to ensure you're on track to achieve your goals.

Working with People Insight can be a game-changer for any organization, as Fiona Wallace, Head of Organisational Effectiveness at Brewin Dolphin, can attest. She's worked with them and has seen the impact firsthand.

Fiona Wallace has experience working with People Insight, and she's seen how it can help organizations like Brewin Dolphin improve their effectiveness.

People Insight has a proven track record of delivering results, and Fiona Wallace is a testament to that.

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Brewin Dolphin has a rich history that spans over two and a half centuries. The business can trace its origins back to 1762 with the establishment of the stockbroking firm of John Dawes.

In 1970, Wontner, Dolphin & Francis emerged as a result of many partner changes. This firm eventually merged with Brewin & Co in 1974 to form Brewin Dolphin.

Brewin Dolphin has continued to grow through strategic acquisitions. It acquired Bell Lawrie in 1993, Wise Speke in 1998, and Popes in 2002, expanding its presence in the UK.

This case study examines how Brewin Dolphin, a leading FTSE 250 wealth manager, has modernised its working practices to prepare for the future. They've made a significant effort to adapt to the changing landscape of the financial services industry.

Their culture has been developed in a way that makes the organisation fitter for change. This is a crucial aspect of their success, as it allows them to respond to the constant updates in regulatory requirements and technological advancements.

The impact of their employee survey programme as a lever of cultural change is also a key focus of this case study. This programme has helped shape the culture of the organisation and drive positive change.

Brewin Dolphin was founded in 1762, giving it a rich history in financial planning and investment management advice. They have a strong heritage that has endured for centuries.

With 33 offices throughout the UK, Channel Islands, and Ireland, Brewin Dolphin employs over 1850 people. This widespread presence allows them to serve a large number of clients and provide a wide range of services.

The history of Brewin Dolphin is a long and fascinating one. It can be traced back to 1762, when John Dawes established a stockbroking firm that would eventually evolve into Brewin Dolphin.

One of the key milestones in the company's history was the merger with Wontner, Dolphin & Francis in 1974, which formed the foundation of the business as we know it today.

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Brewin Dolphin was incorporated in 1987, marking a significant turning point in its development. This was also the year it was acquired by Scandinavian Bank.

A management buy-out from Scandinavian Bank in 1992 saw the company regain its independence. It was then listed on the London Stock Exchange in 1994.

The company has continued to grow and expand through strategic acquisitions, including Bell Lawrie in 1993 and Wise Speke in 1998.

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Building a positive culture is key to a company's success, and Brewin Dolphin is no exception. They've made significant progress in this area since 2015, when a new Group HR Director introduced a comprehensive people strategy.

This strategy included culture, leadership, and people development, as well as diversity and employee engagement. It's clear that they're committed to creating a supportive environment for their colleagues.

Fiona Wallace, Head of Organisational Effectiveness, sees technological advancements as a positive force that can enhance the client and employee experience. This is a great way to think about technology, as it can be a powerful tool for good.

The team at Brewin Dolphin is constantly looking for ways to improve their culture, and they're making great progress. They're delighted with the results of their surveys, which show increasing scores and positive comments.

However, they're not resting on their laurels – they know that transformation is an ongoing process. They're continuing to focus on wellbeing and how their colleagues are coping with change.

It's clear that their culture is built on a strong foundation, with values that are truly lived by the organisation. For example, their focus on 'Enriching Lives' has stood them in good stead with their colleagues.

The Scheme Document and other associated materials are available for your review.

You can find the Scheme Document in PDF format on the website, and it opens in a new window.

The Forms of Proxy are also available in PDF format, and can be accessed by clicking on the link.

The Bidco Memorandum and Articles of Association, and the Brewin Dolphin Articles of Association are both available in PDF format.

It's worth noting that a Draft Brewin Dolphin Articles of Association is also available for approval at the General Meeting.

The Brewin Dolphin group audited consolidated financial statements for the years ended 30 September 2021 and 30 September 2020 are available in PDF format.

You can also find the Results of Court Meeting and General Meeting, as well as the Regulatory approval and updated scheme timetable, in PDF format.

Additionally, the Court sanction of Scheme of Arrangement is available for your review.

Here is a list of the available documents: