Brewin Dolphin reports record income in strong quarter

Total funds up 3.7%

Brewin Dolphin has made a record total income for the quarter ended 30 June, while its total funds have grown by 3.7% over the period to £39.2bn.

The discretionary fund manager saw its income for the quarter rise to £77.3m, an increase of 8.4% compared to the same period last year. This includes core income growth of 11% and total fee income growth of 16% versus to the same quarter in 2016, while total commission income dropped to £16.7m from £18.8m.  M&A, rebrands and service launches: The biggest wealth management stories of Q2 In terms of flows, the firm's discretionary funds increased 4.4% during the three months to the end of June to £32.9bn, with net sales (including transfers) having doubled from the same period in 20...