Income Rises At UK's Brewin Dolphin

Tom Burroughes, Group Editor, London, 30 July 2012


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 Retail
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.

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