Brewins' profits rise 36% on discretionary funds boost

The increase for this part of the business helped boost total managed funds to £25.9bn at 30 September 2012, from £24bn on the same date in 2011. Brewins' profit before tax was £29.9m for the year to 30 September 2012, compared to £21.9m the previous year, an increase of 36.5%. Meanwhile, adjusted profit before tax (excluding redundancy costs, additional FSCS levy, acquisition of subsidiary costs and amortisation of client relationships) was £42.9m, up 8.3% on the year before.  Total income for the period was £269.5m, compared to £264m for the previous 12 months.  Jamie Matheson...