British wealth manager Brewin Dolphin has reported funds under management of £44.1bn in the third quarter ended 30 June 2019.
This is a 4% increase from the previous year figure of £42.3m.
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Discretionary funds under management at the end of June 2019 totalled £39.1bn, up 6% from £36.8m last year.
Total income was £87.3m in the April-June period, a 4% rise from £84.2m a year ago.
Total discretionary income increased 4% to £76.2m from £73.3m while financial planning income soared 22% year-on-year to £7.2m.
Brewin Dolphin CEO David Nicol said: “We are pleased with the overall business performance, particularly the resilience of our discretionary net inflows of £0.3bnin the quarter in challenging economic and market conditions.
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By GlobalData“In this context, we are confident in our business model, strategy and long-term growth prospects, which are underpinned by our focused investment in the UK and Ireland, combined with continued operational discipline.”
Brewin Dolphin has operations in the UK, Channel Islands, and Ireland. It oversees £39.1bn in assets.
This May, the firm was in the news for its purchase of Investec Group’s Irish wealth management business in a €44m deal.
Brewin Dolphin recently also announced the acquisition of Bath-based Epoch Wealth Management.
These deals will complete as planned, Brewin Dolphin confirmed in its earnings statement.
