Brewin Dolphin profits up 10.7% in year of 'disciplined implementation'

Full-year results

Brewin Dolphin has reported strong growth and an increase in total funds and profits in the 12 months to 30 September, during which it put into action a number of initiatives announced in the previous year.

In its annual results release this morning (28 November), the group revealed its total funds had increased by 6.7% to £42.8bn during the period, while its discretionary funds were up by 11.2% to £37.6bn. Net discretionary fund inflows matched the amount in the previous year, at £2.3bn, though the annualised growth rate was slightly down from 2017 at 6.8% (compared to 8%). The group said this leaves it on track to achieve the plan it announced in 2015 to increase discretionary funds by one third from net new funds alone by 2020. Total income for the financial year was £329m, up from...