Wealth manager Brewin Dolphin has recorded total income hit a record £84.2m for the three months to the end of June, driven by continued strong organic growth in discretionary funds.
During the group's Q3 (covering the three months to the end of June 2018), total funds increased by 6.5% to £42.3bn. This is up from £39.7bn in H1 2018 and £40.1bn for the FY 2017. Core funds (discretionary funds, the Brewin Portfolio Service and execution-only funds) rose by 7.3% in the quarter to £40.9bn, compared to £38.1bn in H1 2018 and £37.4bn for the FY 2017. The group reported discretionary funds increased by 7.3% to £36.8bn (H1 2018: £34.3bn, FY 2017: £33.8bn) as a result of continued strong organic inflows and positive investment returns. This included a 7.7% increase over t...
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