The discretionary wealth manager announced today in an interim management statement that total income peaked at £77.3m for Q3 of the financial year ending 30 September 2017.
This represented a £4m (8.4%) increase over Q3 2016 when income was £71.3m.
It said net discretionary organic fund inflows, including transfers, hit £600m over the quarter – an annualised growth rate of 7.6%, compared with 4.1% in Q3 2016.
In addition, the firm reported total funds under management increased in the quarter by 3.7% to £39.2bn, with discretionary funds growing 4.4% to £32.9bn.
This discretionary AUM was bolstered by £700m from the acquisition of Duncan Lawrie Asset Management (DLAM) in May.
David Nicol, chief executive at Brewin Dolphin, said: “The second half of the year has started well with record income and continued organic fund growth in our core discretionary business underlining the strength of the group.
“The interation of DLAM is making good progress and we are delighted to have welcomed our new colleagues. We continue to make steady progress in delivering against our long-term growth strategy and our confidence in the future is underpinned by our robust financial position.”
