Brewin Dolphin sees record quarterly discretionary inflows

The wealth manager said inflows had been strong from all channels, with total net discretionary inflows reaching £300m excluding transfers, representing 4.8% annualised growth. Meanwhile, its total funds grew by 3.8% to £33.2bn during the quarter, up from £32bn at the end of September. The group also said the rate of outflows from discretionary funds has stabilised, hitting £300m during the quarter. The firm has seen a 3.1% growth in core income to £60.6m, driven by organic fund flows and improved transaction volumes, as well as strong growth in financial planning income. Howeve...