Brewin Dolphin profits up

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Staff at the Truro office of Brewin Dolphin have contributed to the group’s 9.6% increase in pre-tax profits and a 7.8% increase in total managed funds.

The company, which specialises in investment management, has just published its Interim Financial Report for the half year ending 27 March 2011. Total managed funds of £25 billion were achieved and total income rose to £136 million – an increase of 12.5%.

Darryn Richards, Head of Brewin Dolphin in Truro, said: “We have made good progress in Truro and our funds under management have increased. I’m very proud of the contribution the team has made to the group’s results.”

Jamie Matheson, Executive Chairman, said: “Brewin Dolphin has continued to make good progress. The global financial and political situation remains uncertain but the markets in which we operate have continued to be fairly robust and our focus on the interest of our clients remains firmly at the heart of our business approach.

“It is pleasing to note the ever increasing in-flow of funds under our management. While it would be hazardous to make assumptions about stability on a global scale, I am confident of the group’s abilities to continue to grow and prosper.”