This was partially offset by £300m in outflows, which the firm said were ‘stabilising’. The resulting net figure of £300m excluding transfers, represents 4.8% annualised growth.
Shares in the wealth firm were close to unmoved by the news, rising 0.3% to 275.4p.
Total funds were 3.8% up on the same period last year to £33.2bn.
The FTSE WMA Private Investor Series Balanced Portfolio index increased by 3.2% in the quarter to 31 December 2015, and the FTSE 100 increased by 3% in the same period, Brewin noted.
Core income grew 3.1% to £60.6m driven by organic fund flow, improved transaction volumes and associated commissions and growth in financial planning income. Other income fell however to £6.6m from £8.9m in the firms first quarter last financial year.
“We have made an encouraging start to the financial year,” said chief executive David Nicol.
“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.”
