Profits, Client Assets Rise At UK's Brewin Dolphin

Tom Burroughes, Group Editor, London, 25 May 2011


The wealth management and investment firm
Brewin Dolphin said today that total managed funds rose to £25 billion ($40.5 billion) as of 27 March, up from £23.2 billion at 26 September last year, while adjusted profit before tax rose to £22.9 million from £20.9 million on 28 March last year, a 9.6 per cent rise.

The 7.8 per cent rise in managed funds outpaced a 4.7 per cent rise in the FTSE APCIMS Private Investor Series Balanced Portfolio benchmark, the UK-listed firm said in a statement on interim results.

Discretionary funds stood at £15.5 billion at 27 March this year, up from £14.0 billion in September 2010.

Total income was £136.0 million, up from £120.9 million in the equivalent period to 28 March last year, a rise of 12.5 per cent. On an adjusted basis, basic earnings per share were 7.2 pence, a rise of 9.1 per cent compared with the level on 28 March last year.

The firm declared a maintained interim dividend of 3.55p per share.


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