Wealth manager Brewin Dolphin has agreed to buy an investment business owned by AIM-listed Camellia, in a deal that will add around 1,000 clients to its books.

Brewin Dolphin said in a December 19 statement that it will pay £25.5 million in cash for Duncan Lawrie Asset Management, as well as an estimated £2.5 million for the business's net assets. Brewin will use existing cash to pay for the acquisition.