Brewin Dolphin AuM slide despite net inflows

Brewin Dolphin, the UK-based asset manager, saw its AuM slip to £41.4bn, from £45bn, in the six months to 31 March 2020, due mainly to market movements and despite net inflows of £500m, according to its results for the six months to 31 March 2020, published this morning.  The firm said it would maintain its interim dividend at 4.4p per share, but warned its final payout would likely be at the lower end of its 60% to 80% of annual adjusted diluted earnings-per-share payout ratio. Brewin Dolphin said its total discretionary inflows of £500m represented an annualised growth rate of 2.5%,...