British wealth manager Brewin Dolphin's total funds stood at £33.5bn at the end of third quarter on 30 June 2016, a rise of 2.1% compared to £32.8bn at 31 March 2016.
The wealth manager in its interim results revealed that its discretionary funds under management in the third quarter increased 3.5% to £26.8bn from £25.9bn in the previous quarter.
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The company saw its total core funds rise by 3.1% to £30.4bn from £29.5bn at the end of March 2016.
The company’s total income during the period was £71.3m, a rise of 1% from £70.6m in the prior year quarter.
Core income increased 5.4% to £66.6m from £63.2m a year ago. Other income slumped 36.5% to £4.7m from £7.4m a year earlier.
Brewin Dolphin CEO David Nicol said: "It has been another quarter of steady progress towards our long-term growth goals. Our core discretionary business has continued to deliver organic funds flow and income growth, demonstrating its resilience in the face of uncertain market conditions.
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By GlobalData“In times of market volatility our clients are increasingly looking to Brewin Dolphin to guide them through challenging investment markets. We remain committed to our growth initiatives and have made good progress during the quarter. Our confidence in the future is underpinned by our robust financial position and clear strategic focus."
