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Wealth manager Brewin Dolphin said it grew total funds by 4% in the third quarter even as 'challenging' economic and market conditions kept a lid on fund inflows.
For the three months to 30 June, total funds increased by 4.0% to £44.1bn, with discretionary funds up 4.3% to £39.1bn, driven by 'good' inflows and investment performance, the company said.
Discretionary net flows, including transfers, were £0.3bn in line with the prior quarter, representing an annualised growth rate of 3.2%, with positive net new flows across both the direct discretionary and intermediaries' channels, it added.
Total income rose 3.7% to £87.3m from £84.2m a year earlier.
'The acquisitions of Investec Capital and Investments (Ireland) Limited and the assets and staff of Epoch Wealth Management LLP are on track to complete as planned,' the company said.
At 9:59am: (LON:BRW) Brewin Dolphin Holdings PLC share price was +0.4p at 315.4p