Reports
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.
