Assets Rise At UK's Brewin Dolphin

Tom Burroughes, Group Editor, London, 29 May 2012


Total managed funds at UK-listed Brewin Dolphin increased to £25.7 billion ($40.1 billion) at the end of March from £24 billion at the end of September last year, while pre-tax profit rose 3.3 per cent over the six-month period to £12.3 million.

Discretionary funds under management stood at £17.3 billion at 31 March, up from £15.6 billion at the end of September last year, the firm said today in a statement.

The 250-year-old firm, which has recently announced a new office in Ipswich in the east of the UK, having appointed six people, has also recruited 10 new people for its offices in Bristol and Birmingham. It is also consolidating some of its operations in Scotland: merging its Dumfries operations with its Penrith office and doing the same with the Elgin office and its business in Inverness.

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