Brewin Dolphin is to raise around £60 million of new capital to help fund recent acquisitions and provide it with continued financial flexibility to pursue further growth opportunities.

The new funds will be raised via a placing to institutional investors at a placing price of 305 pence per share.

Brewin says that it has invested around £70 million over the past 12 months in a number of growth initiatives.

These include acquiring the business and assets of Bath-based Epoch Wealth Management LLP for an initial payment of £10.0 million and an estimated deferred payment of £9.0 million together with three sma...