Member Article

Brewin Dolphin grow funds managed to £28.9 billion

Discretionary wealth management firm Brewin Dolphin, who operate Newcastle offices, have increased their total funds managed to £28.9 billion between September last year and January 29.

The firm reported total Income increased by 6.5% in the first quarter of the financial year to £69.6 million from £65.4 million for the equivalent period last year.

Non-core income dropped 40.8% to £5.9 million in the quarter from £9.9 million in 2013.

A statement from the firm to shareholders read: “Our outlook remains positive as we continue to implement our transformation and growth strategy for the business.

“Continuing improvement in equity market conditions, allied to the increasingly encouraging outlook for the broader UK economy gives us growing confidence that successful implementation of our strategy will create long term value for both our customers and our shareholders.”

This was posted in Bdaily's Members' News section by Tom Keighley .