Brewin Dolphin reported total funds increased 3.5% to £41.5bn, while total fee income grew 15.0% to £59.2m for the fiscal first quarter ending 30 September 2018.
Brewin Dolphin said the growth in total funds was achieved from continued strong inflows into its core services and positive investment returns for its clients.
Discretionary funds increased by 4.4% to £35.3bn (FY 2017: £33.8bn)
Net discretionary funds inflows, including transfers, grew 8.3% to £0.7bn on an annualised basis (Q1 2017: 6.9%).
Total income rose 10.8% to £79.0m (Q1 2017: £71.3m).
Core funds - comprising of discretionary funds, Brewin Portfolio Service ("BPS") and execution only funds - increased 4.8% to £39.2bn (FY2017: £37.4bn).
Core income - from discretionary investment management, financial planning, Brewin Portfolio Service - rose 12.2% to £76.2m versus Q1 2017 income of £67.9m, driven by strong year on year growth in core funds and financial planning income (up 33.3% to £6.0m).
Total commission income fell 10.5% to £13.6m (Q1 2017: £15.2m), while total fee income grew 15.0% to £59.2m (Q1 2017: £51.5m).
David Nicol, Chief Executive said: 'Growth in total funds was achieved from continued strong inflows into our core services and positive investment returns for our clients.'
'This has led to good overall income growth with the particularly strong growth in fee income more than offsetting the decline in commission income.'
At 8:30am: (LON:BRW) Brewin Dolphin Holdings PLC share price was -1.6p at 374.4p