Brewin Dolphin Hldgs

Pre-Closing Statement

RNS Number : 6601T
Brewin Dolphin Holdings PLC
01 October 2010
 



                                      

 

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.

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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