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.
Hargreaves saw 126,000 savers start using its services between January and April, taking its total customer numbers to 1.6m. And they piled in £4.6bn into their accounts over that time.
Brewin Dolphin reacts to demand with sustainable MPS
By Tom Higgins 22
nd April 2021 4:05 pm
Investment management firm Brewin Dolphin has today announced the launch of Sustainable Managed Portfolio Service (Sustainable MPS) for IFAs.
The announcement, which coincides with Earth Day, is in response to the “evolving needs” of clients.
Its chief executive Robin Beer said: “Sustainable MPS meets the needs of IFAs’ clients that want more – by excluding harmful sectors and by investing in sustainable funds and companies which contribute positively to society and the environment.”
The Sustainable MPS will launch with five model portfolios that are designed by the firm to maximise returns from income and capital growth from a portfolio of funds.
Brewin Dolphin to launch Sustainable MPS for advisers
Five model portfolios
Brewin Dolphin is to launch a model portfolio service (MPS) for advisers with a sustainable investing focus.
Its Sustainable MPS will be made up of five model portfolios designed to maximise returns from income and capital growth from a selection of funds that excludes exposure to controversial sectors . Exposure to companies that have a positive societal or environmental impact will be favoured.
The funds included in the five portfolios go through a full environmental, social and governance (ESG) selection process, according to the firm.
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The MPS will invest in funds that seek to exclude companies involved in tobacco, controversial weapons, thermal coal, gambling and adult entertainment; funds that integrate ESG factors into investment decisions and stewardship activities; and impactful companies.
Exclusive: Brewin Dolphin s CEO on Brexit, pandemic market sentiment and why ESG is not so clear-cut
Brewin Dolphin CEO Robin Beer in his office in Farringdon
As the City comes to terms with a new post-Brexit reality and slowly looks towards a post-pandemic recovery,
City A.M sits down with the CEO of one of the Square Mile’s best-known investment managers, Robin Beer of Brewin Dolphin.
Beer, who joined the firm in 2008, initially managed the Nottingham office and was regional director for the Midlands before he became a member of the firm’s executive committee in February 2016. He was appointed CEO in June of last year, taking over from David Nicol, who had been at the helm for more than eight years.