Brewin Dolphin hit by falling trade volumes but income rises

published 30 July 2012

Investment manager Brewin Dolphin is seeing a decline non-recurring income as it moves to a 'transparent' fee based charging system.

Total income for the three months to the end of June was £66.8m, up 4.4% on the same period of 2011, but so called "non-recurring" income fell back 17.9% to just £20.6m.

The group says this is partly to do with its new fee structure but also reflects "a significant fall in the volume of trades in line with the market as a whole".