Preliminary full year results at UK-listed investment manager Brewin Dolphin show total income of £209 million ($431.4 million), up 20 per cent from £174 million in 2006. Discretionary funds under management were £10.7 billion at 30 September 2007, up 21.5 per cent from £8.8 billion last year. David McCorkell, head of investment management at Brewin Dolphin told WealthBriefing that discretionary funds under management had increased by 55 per cent in the last two years. Mr McCorkell said that advisory funds under management had increased 9 per cent over the same two year period to £10.9 billion, but that this figure was relatively low as one third of the increase in discretionary funds had come from the advisory pool. Profit before tax was £41.7 million compared with £32.0 million in 2006. In a statement, the company says that along with further growth in discretionary funds under management there has been an increase in its client base. Brewin also says that it is seeing an uplift in the proportion of clients’ wealth that it is managing. Total funds under management were £21.6 billion and the company says that it is the largest independent investment manager for private clients in the UK. It has around 120,000 clients with an average of £300,000 - £400,000 under management. It has 39 private client offices in the UK and 623 FSA-registered staff.