The chief executive’s review that accompanied Brewin Dolphin’s preliminary results for the year to 30 September 2019 provides further evidence of the pivotal role that financial advice now holds within the UK wealth management sector.

“At our heart we are an advice-led business,” said David Nicol, Brewin’s chief executive “We have made significant progress in growing our financial planning business over the past five years.”

To anyone brought up with the idea that “wealth management is 90 percent investment management” this may come as a shock.