A WEALTH management firm says its momentum will continue after demand for services pushed revenues higher.
Brewin Dolphin has today (Thursday, January 25) revealed total income stood at £79m in the three months to December 31.
The figure was nearly 11 per cent better off than the same period a year ago, with total funds 3.5 per cent higher at £41.5bn and total fee income 15 per cent stronger at £59.2m.
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David Nicol, chief executive at the business, which runs services out of a Newcastle office, said it is well placed to continue growing as an ever-changing market drives increased client needs.
He said: “We have maintained the positive momentum seen at the end of our 2017 financial year and believe it will continue into the second quarter.
“Growth in total funds was achieved from continued strong inflows into our core services and positive investment returns for clients.”
Brewin’s Newcastle base includes investment managers and financial planners, who offer advice on areas such as ISAs, pensions and inheritance tax.