'Growth remains at top of our agenda': Brewin's discretionary AUM grows to £34.3bn as inflows climb

Annualised growth rate of 7.7%

Mike Sheen
clock
Brewin Dolphin chief executive David Nicol
Image:

Brewin Dolphin chief executive David Nicol

Brewin Dolphin's discretionary funds arm saw assets grow to £34.3bn in the half year to 31 March 2018, from £33.8bn at the end of September 2017, as it reported sustained net inflows of £1.3bn for the period.

In a interim management report, it said discretionary funds AUM grew by 1.5% to the £34.3bn figure, which included £200m of net transfers from other services, representing an annualised growth rate of net discretionary funds flow of 7.7%, above the 7.6% reported in the first half of 2017. Investment Conundrums: Brewin Dolphin's Guy Foster on the importance of exploring China The wealth manager also reported net inflows of £400m into its direct discretionary service, while over 17% of direct private client funds now receiving wealth management services, combining Brewin Dolphin's fina...

To continue reading this article...

Join Investment Week

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

More on Funds

Alex Wright of Fidelity International

Fidelity's Alex Wright: People have misunderstood OMV Russia exposure

'Sentiment is overly pessimistic'

clock 23 June 2022 • 3 min read
Equity funds managed to stay in positive territory with €2.9bn of new net subscriptions

Morningstar: European fixed income funds suffer €16.5bn net outflows in May

Equity funds remained in positive territory

clock 23 June 2022 • 1 min read
Liontrust Asset Management chief executive John Ions urged for long-term focus amid short-term volatility

Liontrust boasts 41% revenue increase in face of 'challenging period short term'

Majedie acquisition added £5.2bn value

clock 22 June 2022 • 2 min read
Trustpilot