Brewin Dolphin reported record discretionary gross flows of £4bn as total funds increased by 19.5% to £56.9bn, driven by positive net flows and strong investment performance.
The wealth manager reported strong total discretionary net flows of £1.9bn for the year ended 30 September 2021, which represents an annualised growth rate of 4.6%. It also attracted discretionary net flows of £0.5bn from direct clients and £1.4bn from indirect clients, of which £1bn flowed into its MPS solution and multi-asset Voyager fund range. Total funds surged 19.5% over the last 12 months to £56.9bn as total discretionary funds jumped 20.9% to £49.8bn, pushed by positive net flows and strong investment performance. The total income for the period increased by 12.3% to £405.9m, ...
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