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Brewin Dolphin posts higher profits as inflows continue

Brewin's discretionary funds saw an inflow of £2.3bn in the twelve months to September
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Inflows matched last year's record

Wealth manager Brewin Dolphin PLC (LON:BRW) saw another year of strong fund inflows in spite of the general market volatility.

Brewin's discretionary funds saw an inflow of £2.3bn in the twelve months to September.

READ: Brewin Dolphin names finance boss of Legal & General Investment Management as its finance director

Alongside last year’s acquisition of Duncan Lawrie, total funds under management rose by 11.2% to £37.6bn.

Total funds improved by 6.7% to £42.8bn. Revenues rose by 8% to £329mln, with underlying profits 11% higher at £77.5mln.

David Nicol, chief executive, said: "2018 was another successful year for the group, proving the continued value of our personalised advice-led model. Above target organic fund inflows have led to strong earnings and dividend growth.”

The dividend for the year goes up by 9% to 16.4p.

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