Brewin Dolphin, a UK investment management firm, saw its total funds under management (FuM) increase to £29.3 billion, 2% higher than the £28.7 billion recorded at the end of the last quarter.
In addition, core income rose 5% in comparison to the same time last year, from £63.8 million to £67 million, but was ‘lower than anticipated as a result of lower commission income in common with industry trends.’
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Brewin Dolphin’s interim management statement said: "The outlook remains positive as the transformation and growth strategy for the business is implemented. Solid performance in the quarter, underpinned by a robust balance sheet, gives us confidence that continued delivery against this strategy will create long term value for both clients and shareholders."
