1st Oct 2010 07:00
1 October 2010
Brewin Dolphin Holdings PLC
Pre closing statement for the year to 26 September 2010
Trading in the fourth quarter has seen commission income nearly reaching the very strong levels recorded in the comparable period last year. Fee income for the quarter will reflect the level of the market on Tuesday 5 October, the day of our quarterly fee run and the increase in funds under management in real terms, which has been strong.
Funds under management at 26 September 2010 were as follows:-
|
Funds |
|
|
|
|
|
|
|
At 26 Sept 2010 |
At 27 June 2010 |
At 27 Sept 2009 |
% change over June 2010
|
% change over Sept 2009
|
|
|
£ billion |
£ billion |
£ billion |
% |
% |
|
Discretionary funds under management |
14.0 |
13.0 |
11.8 |
7.7 |
18.6 |
|
Advisory funds under management |
9.2 |
8.6 |
8.7 |
7.0 |
5.7 |
|
Total managed funds |
23.2 |
21.6 |
20.5 |
7.4 |
13.2 |
|
|
|
|
|
|
|
|
Indices |
|
|
|
|
|
|
FTSE APCIMS Private Investor Series Balanced Portfolio |
2,847 |
2,686 |
2,640 |
6.0 |
7.8 |
|
FTSE 100 |
5,598 |
5,046 |
5,082 |
10.9 |
10.2 |
Discretionary funds have grown by 10.8% in real terms comfortably ahead of the Boards' stated aim of growing discretionary funds by more than 5% p.a. in real terms.
The Board is looking forward to 2011 with confidence.
For further information please contact:
|
Jamie Matheson |
Andrew Hayes/Wendy Baker |
|
Executive Chairman |
Hudson Sandler |
|
Brewin Dolphin 020 7248 4400 |
020 7796 4133 |
Notes for editors
|
1. |
The Group is made up of Brewin Dolphin Holdings PLC and it subsidiaries (the "Group"). |
|
2. |
Brewin Dolphin Limited ("BD") is the principal operating company of Brewin Dolphin Holdings PLC. BD is authorised and regulated by the Financial Services Authority and is a member of the London Stock Exchange. |
|
3. |
Brewin Dolphin Limited is one of the largest independent private client investment managers in the United Kingdom and manages £23 billion on behalf of private clients, charities and pension funds from its 41 regional offices. |
|
4. |
Brewin Dolphin Limited provides a complete investment management and financial planning service for private investors, charities and pension funds and has a Corporate Advisory and Broking division. Stocktrade is the Group's Execution-Only telephone and on-line dealing division. |
Related Shares:
BRW.L