AuM Slips At Brewin Dolphin

Editorial Staff 24 January 2019

AuM Slips At Brewin Dolphin

The firm said inflows into its discretionary portfolios held up well in the face of weaker markets and uncertain conditions.

Brewin Dolphin, the UK-listed wealth manager, said its funds under management fell by 7.7 per cent in the final three months of 2018 from a year earlier, standing at £39.5 billion. 

Total discretionary funds stood at £34.9 billion ($45.6 billion) at the end of December last year, falling by 1.1 per cent from a year ago.

Total income fell to £77.7 million, falling by 1.6 per cent from a year earlier.

“The first quarter has been characterised by lower market levels and ongoing macro-economic uncertainty. Against this backdrop, net discretionary inflows have remained strong and ahead of our 5 per cent target, albeit intermediary client activity has slowed whilst intermediaries and their clients assess the current environment,” David Nicol, chief executive, said.

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