Brewin Dolphin builds funds under management
Wealth management firm Brewin Dolphin reported growth in funds under management after equity markets remained 'surprisingly resilient'.
Wealth management firm Brewin Dolphin reported growth in funds under management after equity markets remained 'surprisingly resilient'.
Funds under management at the year end were £25.9bn, up by 7.9% from the year before.
The most significant rise was the 16.7% growth of our discretionary funds to £18.2bn.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE

Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
The firm saw an 8.3% fall in advisory funds to £7.7bn.
Stripping out items such as redundancy costs and the additional Financial Services Compensation Scheme levy, profit before tax was up 8.3% to £42.9m.
On the same basis, earnings per share were up 6.5% to 13.2p.
The firm will pay a final dividend of 3.6p per share, bringing the total dividend for the period to 7.15p, up from 7.10p the year before.
Brewin said it was "very conscious of the need to return to a progressive dividend policy" after years of financial turmoil, as well as investment in IT and dealing with regulation costs.
Executive Chairman Jamie Matheson said equity markets had remained remarkably resilient and there was some sign of improved trading volumes since the summer.
"Many of the problems that caused concern in the financial services industry during the past year remain unresolved," he added.
"This particularly relates to the euro and more generally to prolonged economic weakness throughout the developed world."
-
Who is the richest person in the world?
The top five richest people in the world have a combined net worth of $825 billion. Who takes the crown for the richest person in the world?
By Vaishali Varu Published
-
Top 10 stocks with highest growth over past decade - from Nvidia, Microsoft to Netflix, which companies made you the most money?
We reveal the 10 global companies with the biggest returns since 2013. One firm has posted an astonishing 9,870% return, meaning a £1,000 investment would now be worth almost £82,000.
By Ruth Emery Published