London-listed Brewin Dolphin, the wealth management firm, said its income for the thirteen weeks to 26 June rose 10.7 per cent year-on-year to £68.1 million ($112 million). Recurring income from investment management accounted for 60 per cent of total revenues.

Total managed funds rose 7.3 per cent between 26 September last year and 26 June 2011, standing at £24.9 billion. The rise in funds compares with a 3.3 per cent increase in the FTSE APCIMS Private Investor Series Balanced Portfolio, and a 1.8 per cent rise in the FTSE 100 Index of blue-chip UK firms.