Brewin Dolphin total funds rise in first quarter
Wealth manager Brewin Dolphin on Thursday reported a first quarter 3.5% increase in total funds to £41.5bn, assisted by strong inflows to core services.
Brewin Dolphin Holdings
515.00p
16:34 26/09/22
0.00%
0.00p
Financial Services
16,492.39
15:44 15/11/24
-0.24%
-40.16
FTSE 250
20,508.75
15:45 15/11/24
n/a
n/a
FTSE 350
4,453.56
15:45 15/11/24
n/a
n/a
FTSE All-Share
4,411.85
15:45 15/11/24
n/a
n/a
Total fee income was up 15.0% to £59.2m. Discretionary funds increased by 4.4% to £35.3bn, while net discretionary funds inflows, including transfers, grew 8.3% to £0.7bn on an annualised basis.
Core income was £76.2m, up 12.2% year-on-year, driven by strong year on year growth in core funds and financial planning income, which increased 33.3% to £6m.
Total fee income grew 15.0% to £59.2m, while total commission income fell 10.5% to £13.6m "in line with recent trends", Brewin said.