The UK wealth manager logged a broadly stronger set of results for the half-year period to the end of March.

Brewin Dolphin, the UK-listed wealth management house, said total funds under management at the end of March this year stood at £37.8 billion ($48.8 billion), a rise of 6.8 per cent a year earlier, and boosted by the acquisition of the Duncan Lawrie Asset Management entity during the six-month period to end-March.

Funds run in a discretionary way stood at £31.5 billion, up 9.4 per cent; that rise beat a 6.1 per cent rise in the FTSE 100 Index of blue-chip UK equities, and a rise of 5.4 per cent in the MSCI WMA Private Investor Balanced Index, a broad industry measure of private client returns.

The firm said total income for the six months to end-March was £147.4 million, against £137.2 million a year ago). Fee income was £104.7 million, up from £92.7 million, and accounted for 71.0 per cent. Commission income, at £33 million, fell a touch from £33.4 million a year earlier, the firm said in a statement.

Adjusted pre-tax profit was £32.4 million, a year-on-year gain of 14.1 per cent, Brewin Dolphin said.

The firm’s board declared an interim dividend of 4.25 pence per share (this is payable on 16 June 2017).