Total managed funds at UK-listed Brewin Dolphin, the wealth management firm, rose to £23.2 billion (around $36.2 billion) on 26 September this year from £21.6 billion at 27 June and up from £20.5 billion a year before, or a year-on-year rise of 13.2 per cent.

The rise compares with a year-on-year gain of 10.2 per cent in the FTSE 100 index of blue-chip UK stocks and a 7.8 per cent gain in the FTSE APCIMS Private Investor Series Balanced Portfolio, the firm said in a trading statement today.

Discretionary funds under management rose to £14.0 billion from £13 billion in late June.

“Trading in the fourth quarter has seen commission income nearly reaching the very strong levels recorded in the comparable period last year. Fee income for the quarter will reflect the level of the market on 5 October, the day of our quarterly fee run and the increase in funds under management in real terms, which has been strong,” the firm said.