Brewin Dolphin’s total funds grew by 3.8 per cent to £33.2bn over their reporting period from 1 September 2015 to 31 December 2015.
This compares against the same reporting period in 2014 in which the total funds grew to £33.1bn.
The firm stated in its results that it had witnessed solid growth in core income and funds, despite challenging market conditions.
Total core funds grew by 4.2 per cent in the the same period to £29.7bn.
The FTSE WMA Private Investor Series Balanced Portfolio index increased by 3.2 per cent in the the period, and the FTSE 100 increased by 3.0 per cent in the same period.
Additionally, total net discretionary funds inflow were at £0.3bn excluding transfers, representing 4.8 per cent annualised growth.
The firm witnessed record discretionary funds inflow of £0.6bn driven by ongoing inflows from all channels, the statement said.
Alongside this, the rate of outflows from discretionary funds showed signs of stabilising at £0.3bn in the period.
The trading update stated that core income growth of 3.1 per cent to £60.6m was reached, against 2015’s figure for the same period of £58.8m.
David Nicol, chief executive of Brewin Dolphin, said: “We have made an encouraging start to the financial year.
“Continued net organic growth in funds, driven by increasing inflows into our core discretionary service, underlines the quality of the business despite the volatility in financial markets.
“We remain focused on our clear strategy to grow the business. Turbulent market conditions may persist for some time but our continued progress, strategic focus and financial strength all give us confidence in pursuing our long-term growth agenda.”
ruth.gillbe@ft.com
