British wealth manager Brewin Dolphin’s total funds stood at £42.3bn at the end of the third quarter on 30 June 2018, a rise of 8% compared to £39.2bn a year ago.
Discretionary funds under management at the end of June 2018 totalled £36.8bn, up 12% from £32.9bn last year.
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The company’s total income for the three-month period to 30 June 2018 stood at £84.2m, an increase of 9% from £77.3m in the previous year.
Core income grew 11% to £82.2m from £73.9m a year ago, while total fee income increased 7% year-on-year to £59.2m.
Total commission income was £18.3m, up 9% compared to £16.7m last year.
Brewin Dolphin CEO David Nicol said: “It has been another excellent quarter in which we have continued to deliver on our long-term organic growth strategy. We are particularly pleased to have achieved another period of strong discretionary funds inflows which, combined with positive investment returns, has driven total income to a record £84.2m for the quarter.
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By GlobalData“The significant and evolving need for financial and investment advice in the UK continues to support our strategic direction and we remain confident in the outlook for the business.”
