The firm’s interim management report revealed a strong six months of growth with its total discretionary funds standing at £31.5bn, 22% higher by the end of March 2017 than at the same time last year.
The acquisition of Duncan Lawrie, completed on 10 May, provided a welcome boost of £700m to the firm’s total funds in what chief executive David Niccol called a “significant endorsement” of Brewin’s growth plans.
Profit before tax also saw a significant increase of 14.1% to £32.4m, up on the first half of 2016 where profit was £28.4m.
The interim report also gave further details on Brewin’s growth strategy.
It revealed the firm plans to continue to bring together its financial planning and investment management service and increase the proportion of direct private client funds receiving the wealth management service, currently at 16%.
It is also in the process of developing a new advice and planning led service aimed at clients with “less complex needs” who want lower-cost advice.
