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.
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."
Get the latest financial news, insights and expert analysis from our award-winning MoneyWeek team, to help you understand what really matters when it comes to your finances.
MoneyWeek is written by a team of experienced and award-winning journalists, plus expert columnists. As well as daily digital news and features, MoneyWeek also publishes a weekly magazine, covering investing and personal finance. From share tips, pensions, gold to practical investment tips - we provide a round-up to help you make money and keep it.
-
Reeves warned against property tax shake-up – 3 ways it could backfire on first-time buyers
Rachel Reeves reportedly has her eye on high-end property taxes in the upcoming Budget, but there are concerns a shake-up could unintentionally hamper those trying to get on the housing ladder
-
Average Brits want to retire five years before they can – who has the widest retirement gap?
Brits are expecting to work for longer than ever but there are big disparities in the number of extra working years predicted. A small tweak could help close the gap