Brewin Dolphin attracts record quarterly inflows of £1bn
Total discretionary funds were up 11% at £45.7bn
Brewin Dolphin posted record total discretionary flows of £1bn in the first three months of the year, as total funds under management reached £52.6bn.
The wealth manager’s interim report for the half year ended on 31 March 2021 recorded total discretionary net flows of £600m with gross inflows of £1.6bn.
Total discretionary funds were up 11% to £45.7bn from £41.2bn at the full year 2020 supported by positive net flows and discretionary investment performance of 9.5%.
Total discretionary commission income was 14.8% higher at £38.7m, while financial planning income grew 16.5% to £19.1m, driven by higher market levels and continued demand for its advice-focused services.