Brewin Dolphin, the London-listed wealth manager, said total managed funds rose 3.4 per cent to £24 billion (around $37 billion) at the end of September compared with 26 September last year, outperforming broader market movements.

During the comparable period, the firm said the FTSE APCIMS Private Investor Series Balanced Portfolio index of returns fell 3.8 per cent, while the FTSE 100 Index of blue-chip UK equities fell 8.4 per cent.

The firm logged a total of £1.9 billion of client inflows, it said.

Meanwhile, Brewin Dolphin said it is progressing in its sale of the group corporate advisory and broking division that was announced on 11 May, saying it expected to complete the sale at the end of this year.