British wealth manager Brewin Dolphin’s total funds stood at £39.2bn at the end of the third quarter on 30 June 2017, an increase of 17% over £33.5bn a year ago.
Discretionary funds under management at the end of June 2017 totalled £32.9bn, a surge of 23.2% compared with £26.7bn at the end of June 2016.
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The company’s total income stood at £77.3m, up 8.4% from £71.3m a year earlier. Core income grew 11% year-on-year to £73.9m, while total fee income increased 16% to £55m from £47.4m in the third quarter of 2016.
Total commission income stood at £16.7m, a fall of 11.2% from £18.8m a year ago.
Brewin Dolphin CEO David Nicol said: “The second half of the year has started well with record income and continued organic fund growth in our core discretionary business underlining the strength of the Group. The integration of DLAM is making good progress and we are delighted to have welcomed our new colleagues. We continue to make steady progress in delivering against our long-term growth strategy and our confidence in the future is underpinned by our robust financial position.”
