The value of a wealth management client is very much a live question in Irish finance. Wealth managers are being bought and sold at a rapid rate. For the acquirers, wealth managers are attractive because they offer stable, reliable income. And for some of them, there’s a chance to cross sell wealth management clients onto other products. Wealth managers like Harvest, Goodbody and now Davy have been in play. It’s an industry where, increasingly, it’s better to be part of a bigger group. In 2019, Brewin Dolphin paid €44 million for Investec’s €3.2 billion of assets under management. At the…

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