The company has also announced that its income rose 4.4% in the three months to the end of June 2012 compared to the same period in 2011, jumping to GBP66.8 million.
Further, it stated that its recurring income represents 67% of total income, partly due to the group moving towards a transparent fee-based model in accordance with the incoming Retail Distribution Review (RDR).
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The volumes of trades were down 26% in the final three months of 2011, 11% in the first quarter and 17% in the three months to June 2012.
Additionally, Brewin’s value of funds are down 7.1% since the end of September to GBP7.8 billion.
Currently, the group has a consolidated capital adequacy surplus of GBP18.3 million and cash balances, excluding client balances, were GBP55 million at the end of June 2012.
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