A spotlight on Redmayne-Bentley's quiet growth

Regional investment manager Redmayne-Bentley has tripled its asset base to £4.5bn over the past three years, capitalising on the demise of local competitors.

It bought up a £300m client book from failed stockbroker Fyshe Horton Finney, which fell in to administration earlier this year. While larger groups like Brewin Dolphin have been closing smaller branches across the country, deeming these outposts too expensive to run, Redmayne-Bentley has been setting up shop in small towns. The company now has 40 offices, and one of the reasons the business has thrived where others have failed is its franchise model, where some overheads are taken on by local office managers. Although the business has its roots in execution-only stockbroking, the ass...