Advertisement

Brewin Dolphin Holdings unveils profits for 2012

Brewin Dolphin Holdings, one of Britain's largest investment and financial planning firms, reported a 36.5 per cent hike in profits in its annual report released Friday.

Brewin Dolphin Holdings, one of Britain's largest investment and financial planning firms, reported a 36.5 per cent hike in profits in its annual report released Friday.

The FTSE 250 company's profit before tax stood at £29.9m for the year end September 30th, up from £21.9m in the comparative period.

Total income increased 2.1% to £269.5m and total managed funds climbed 7.9% to £25.9bn.

Advertisement - Article continues below

Business was bolstered by company expansion with a new branch in Ipswich and additional teams in Birmingham, Jersey, Bristol, London, Newcastle and Dublin.

The firm said it was also helped by the fact the investment management market was a growing sector, competition was relatively fragmented and price competition was low.

However, it said regulation continued to set back businesses in the financial sector in the UK and overseas.

In particular, the company was working to ensure it was ready to meet the demands of the UK financial regulation's Retail Distribution Review which came into force this month.

"Our investment managers and financial planners have continued to provide an excellent service to our clients during another year that has seen much strategic and regulatory change," Group Managing Director, Henry Algeo, said.

"We as a group remain determined to continue to provide an outstanding bespoke investment management service for our clients."

Shares shot up 1.84% to 204.70p at 14:33.

RD

Advertisement
Advertisement

Recommended

Broker safety – your questions answered
Investment strategy

Broker safety – your questions answered

Cris Sholto Heaton answers more of your questions about the safety of stockbroker accounts
25 Mar 2020
How demographics affects stock valuations
Investment strategy

How demographics affects stock valuations

New research suggests that stock and bond valuations are driven by the age of the population – at least in the US.
24 Feb 2020
Do you own shares in Sirius Minerals? Here’s what you need to do now
Stocks and shares

Do you own shares in Sirius Minerals? Here’s what you need to do now

Mining giant Anglo American has proposed a cash takeover of Yorkshire-based minnow Sirius Minerals. Unhappy shareholders must decide whether to accept…
20 Feb 2020
Why investors should be “cautiously bullish” for 2020
Stockmarkets

Why investors should be “cautiously bullish” for 2020

Analysts have been out in force making rosy predictions for stockmarkets in 2020, but while there is certainly a case for optimism, investors should r…
17 Jan 2020

Most Popular

An economics lesson from my barber
Inflation

An economics lesson from my barber

On reopening his shop after lockdown, Dominic Frisby’s barber doubled his prices. It’s all part of the post-Covid inflation process – and we’re going …
8 Jul 2020
Three ideas for Lloyds Bank's new boss
UK stockmarkets

Three ideas for Lloyds Bank's new boss

The Black Horse needs whipping into shape. A change at the top provides a great opportunity, says Matthew Lynn.
12 Jul 2020
Why the moving average is my favourite charting tool
Sponsored

Why the moving average is my favourite charting tool

Traders and technical analysts use "moving averages" to iron out daily fluctuations and give a much clearer picture of a market's direction. Dominic …
13 Jul 2020