Investment firm makes splash with strong performance
By Rob Freeman | 28th January 2021
Investment management company Brewin Dolphin has seen its total funds top pre-pandemic levels after a strong performance in the last quarter.
The company, which has offices in Cheltenham, reported a seven per cent income growth for the three months to December 31 as total funds reached £51.4billion.
That was an eight per cent rise on the £47.6billion at the end of the previous financial year as discretionary funds were up 8.3 per cent to £44.6billion.
The rise in quarterly income to £95.9million was driven by strong market performance and high levels of commissions.
Financial planning income grew by 11.8 per cent to £9.5million.
Chief executive Robin Beer said: "We had a strong start to our financial year and saw growth across both our direct and indirect business.
"We are consistently delivering positive inflows, even with the tightened social distancing restrictions imposed in November and December.
"With a Brexit trade deal behind us and the rollout of vaccinations in the UK, market sentiment is starting to improve, and we look forward to benefiting from this recovery over the coming year."
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