Wealth management company Brewin Dolphin saw their core income increase 15% in the final quarter of 2013 up to £63.8 million from £55.4 million in the final quarter of 2012.
Core income comprises of money from discretionary, advisory and execution services. Non-core income decreased by 40.8% to £5.9 million in the quarter compared to the £9.9 million in the same period in 2012.
Go deeper with GlobalData
Despite this major drop in other income, overall, Brewin’s income rose by 6.5%.
Funds under management increased by 2.5% in the quarter to £28.9 billion. This is compared to £28.2 billion in the same period last year.
The group said: "Our outlook remains positive as we continue to implement our transformation and growth strategy for the business."
