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Brewin Dolphin edges ahead

Funds under management edge ahead in tough trading
August 1, 2012

Investment manager Brewin Dolphin increased funds under management by just over 4 per cent to £25bn in the 39 weeks to 30 June, and operating income edged ahead by just 1.4 per cent to £198m.

IC TIP: Buy at 150p

Crucially, recurring income rose 15 per cent to £121m and now accounts for two thirds of group revenue.