Brewin Dolphin total funds surpass pre-covid highs

Brewin Dolphin reported an increase in total funds in the first quarter of the year, driven by strong market performance and 'continued high levels' of commissions. For the three months ended 31 December 2020, total funds increased by 8% to a record £51.4bn in the quarter, with total discretionary funds up 8.3% to £44.6bn. Quarterly income increased by 7% to £95.9m year-on-year and discretionary net flows were £0.1bn, representing an annualised growth rate of 1%. MPS funds grew to £4.9bn with net flows of £0.1bn, an annualised growth rate of 9.1%, as the wealth manager stated that ...