Brewin Dolphin saw net discretionary fund inflows jump to £1.1bn in the six months to the end of March 2017, during a period of "good progress" for the wealth manager against a favourable market backdrop.
This flows figure, which includes transfers, compares to £0.4bn in the first half of 2016, according to Brewins' interim results. Discretionary funds increased by 9.4% to £31.5bn, up from £28.8bn in the group's financial year 2016. This compares to an increase of 6.1% for the FTSE 100 index and a 5.4% rise in the MSCI WMA Private Investor Balanced index. Total funds for the group stood at £37.8bn as at 31 March 2017, an increase of 6.8% on £35.4bn for the FY 2016. Meanwhile, adjusted profit before tax rose by 14.1% to £32.4m, up from £28.4m in H1 2016. Profit before tax for the per...
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