Brewin Dolphin, the UK wealth management house, said
income in the third quarter to 30 June rose 4.4 per cent year-on-year to £66.8
million (around $104.9 million), it said today.
Total funds under management stood at £25 billion at the end
of June, up from £24 billion at the end of September last year, a 4.2 per cent
increase, the firm said in a statement. During that period, the FTSE 100 Index
of UK blue-chip stocks rose by 8.6 per cent.
Brewin Dolphin, like some of its peers in the run-up to the UK’s
Distribution Review reform programme, has been moving to a transparent fee-based
charging basis. Approximately half the outflow of funds relates to attrition
arising from this change, it said.