Wise Speke Celebrates Its Name Change to Brewin Dolphin; FINANCE MATTERS Brewin Dolphin Incorporating Bell Lawrie Hill Osborne Wise Speke

Evening Gazette (Middlesbrough, England), February 19, 2008 | Go to article overview
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Wise Speke Celebrates Its Name Change to Brewin Dolphin; FINANCE MATTERS Brewin Dolphin Incorporating Bell Lawrie Hill Osborne Wise Speke


ALTHOUGH Wise Speke has been owned by Brewin Dolphin since its takeover in 1998, it has now been decided, with a degree of sadness, to rename the division in line with the parent company Brewin Dolphin.

As proud as we are of Wise Speke's history and the ongoing culture that makes us unique, it was felt that the Brewin Dolphin name fully encapsulates the strength and breadth of the combined group as the UK's largest independent investment manager. Brewin Dolphin now has 39 offices throughout the United Kingdom and Channel Islands, with funds under management of over pounds 21.6 billion, and approximately 623 approved Investment Managers and Advisors.

The history of Wise Speke is worth noting.

On 3rd January 1903, a partnership was formed between Frederick Wise and Herbert Benjamin Speke in a shop and basement at Collingwood Street, Newcastle. Whilst Mr Speke looked after the dealing, Mr Wise attended to the general correspondence and gave advice as to investment. Mr Wise was of Anglo-Irish descent; hence the early adoption of the colour green and subsequent owl logo.

Frederick Wise apparently travelled extensively, to Canada, the USA, Mexico, Russia and India, giving himself first hand knowledge of such investment sectors, as railways, mines and utilities in all of these countries.

The business prospered and within three years, new premises were sought as new partners and attaches were taken on. One such attache was a son of the then Lord Ravensworth of Ravensworth Castle in County Durham, who apparently was brought to work each morning by carriage, complete with footmen, and at the end of the day, collected and taken home to the castle.

In 1923, a further move to Grey Street took place, which was to become the home of the firm for 49 years. Neil Speke, the son of the founder, became a partner in 1950. The family tradition continues today, with Ben Speke, the grandson of the founder, now a Regional Managing Director, and a Director of the parent company.

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