British wealth manager Brewin Dolphin’s total funds stood at £33.2bn at end of December 2015, compared to £33.1bn a year ago.
In the first quarter of its financial year, the company registered gross inflows of £600m. This translated to net inflows of £300m, an increase of 4.8% compared to the same period of last year.
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Core income for three months to 31 December 2015 stood at £60.6m, up 3.1% compared to £58.8m in the same period last year driven by organic fund flow, improved transaction volumes and associated commissions.
However, other income declined 25.8% to £6.6m compared to £8.9m at the same period a year ago. The firm reported a total income of £67.2m compared to £67.7m a year earlier.
Brewin Dolphin CEO David Nicol said: "Continued net organic growth in funds, driven by increasing inflows into our core discretionary service, underlines the quality of the business despite the volatility in financial markets.
"We remain focused on our clear strategy to grow the business. Turbulent market conditions may persist for some time but our continued progress, strategic focus and financial strength all give us confidence in pursuing our long-term growth agenda."
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By GlobalData
