Brewin Dolphin Q3 income hits record £84.2m

Wealth manager Brewin Dolphin said total third quarter income hit a record £84.2m driven by continued strong organic growth in discretionary funds.

Total funds under management increased by 6.5% to £42.3bn with discretionary funds up by 7.3% in the quarter to £40.9bn, compared to £38.1bn in the first half of 2018 and £37.4bn for 2017.

Chief executive David Nicol said 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".