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Trading statements

Brewin Dolphin reports record income in Q3

26 July 2017 07:34

Brewin Dolphin Holdings reports record total income of £77.3m for the third quarter to the end of June - an increase of 8.4% on last time.

Total funds increased in the quarter by 3.7% to £39.2bn including acquired funds (H1 2017: £37.8bn, FY 2016: £35.4bn).

Discretionary funds increased by 4.4% in the quarter to £32.9bn including £0.7bn of acquired funds (H1 2017: £31.5bn, FY 2016: £28.8bn).

Net discretionary organic fund inflows, including transfers, of £0.6bn (Q3 2016: £0.3bn) representing an annualised growth rate of 7.6% (Q3 2016: 4.1%).

Chief executive David Nicol said: "The second half of the year has started well with record income and continued organic fund growth in our core discretionary business underlining the strength of the Group.

"The integration of DLAM is making good progress and we are delighted to have welcomed our new colleagues.

"We continue to make steady progress in delivering against our long-term growth strategy and our confidence in the future is underpinned by our robust financial position."

Story provided by StockMarketWire.com

Related Company: BRW

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