Brewin inflows hit £300m in Q2

Wealth manager Brewin Dolphin reported inflows of £300m in the second quarter of 2014.

Net outflows of £400m from its advisory services division were offset by inflows of £800m, while the firm also saw a £200m inflow into its execution-only business. The rise, along with £300m of market movements, took Brewin’s total assets from £36.1bn to £36.7bn over the quarter, in line with firm’s target to grow assets by 5% per year.  Core income of £67m in the quarter was 5% higher than the same quarter in 2013 (£63.8m), albeit lower than anticipated as a result of falling commissions the firm said was in line with the rest of the industry. Brewins has also been migrating clien...