Assets Rise At UK's Brewin Dolphin

Tom Burroughes, Group Editor, London, 29 May 2012


The company is “on plan” with its strategic review, announced last year, to cut overheads, improve services and upgrade systems, Jamie Matheson, chairman of Brewin Dolphin, said.

Adjusted pre-tax profits were £18.9 million, a 17.1 per cent fall on the previous six months, affected by redundancy costs, an additional FSCS levy and amortisation of client relationships, the firm said.

Basic earnings per share, at 3.7 pence per share, were unchanged from 27 March last year. On an adjusted basis, basic earnings per share were 5.8p, from 7.2p in March last year, a fall of 19.4 per cent.

A maintained interim dividend of 3.55p per share will be paid on 21 September 2012 to shareholders on the register on 24 August 2012.

Register for WealthBriefing today

Gain access to regular and exclusive research on the global wealth management sector along with the opportunity to attend industry events such as exclusive invites to Breakfast Briefings and Summits in the major wealth management centres and industry leading awards programmes