INVESTMENT manager Brewin Dolphin today reported a jump in profits as it highlighted a "resilient" outlook.
The group, which has a major presence in Newcastle and has 40 UK offices, said that total income for the year to September 30 rose by 2.1% to £269.5m. Its pre-tax profit, before exceptional items was up 8.3% to £42.9m.
Funds under management reached £25.9bn, a 7.9% year on year rise, with the “most significant” being the 16.7% growth of discretionary funds to £18.2bn.
Jamie Matheson, Executive Chairman said: “Equity markets remain remarkably resilient and there is some sign of improved trading volumes since the summer.
“Demand for our services remains firm and your Board is confident that our strategy will ensure a successful future for your Group.”