Brewin Dolphin's inflows reach £700m in last three months of 2016

Outflows fell to £200m

Brewin Dolphin saw inflows hit £700m in the final three months of 2016, and saw a reduction in net outflows despite uncertainty in markets.

For the three months to the end of 2016, the group's first quarter in its financial calendar, the company saw discretionary inflows of £700m, driven by ongoing inflows from all channels. Meanwhile, discretionary outflows fell to £200m, down from £300m in the first quarter of the 2016 financial year, as a result of lower outflows from direct discretionary clients. Total funds grew to £36.4bn over the quarter, while core income growth grew 12%, with this expected to grow in coming quarters amid the acquisition of Duncan Lawrie Asset Management on 19 December 2016, expected to complete i...