The Brewin Dolphin Holdings Board is proposing a final dividend of 11.1p per share, to be approved at the 2022 AGM and to be paid on 9 February 2022 to shareholders on the register at the close of business on 7 January 2022 with an ex-dividend date of 6 January 2022.
Other financial highlights include:
Strong total discretionary net flows of £1.9bn (FY 2020: £0.9bn), representing an annualised growth rate of 4.6%.
- Record discretionary gross inflows of £4.0bn (FY 2020: £2.8bn), benefitting from strong brand advocacy, as well as a broad range of propositions and investment solutions.
- Discretionary net flows of £0.5bn from direct clients and £1.4bn from indirect clients, of which £1.0bn flowed into MPS and Voyager.
Total funds increased by 19.5% over the last 12 months to £56.9bn (FY 2020: £47.6bn). Total discretionary funds increased 20.9% to £49.8bn (FY 2020: £41.2bn) driven by positive net flows and strong investment performance.
Total income for the period increased by 12.3% to £405.9m (FY 2020: £361.4m) driven by strong market performance and record discretionary gross inflows.
- Financial planning income grew 25.7% to £41.6m (FY 2020: £33.1m), driven by both 1762 from Brewin Dolphin and the Wealth Core propositions.
Adjusted PBT up 16.2% to £90.9m (FY 2020: £78.2m), with margin of 22.4% (FY 2020: 21.6%), driven by strong income growth and cost savings of £2.6m associated with COVID-19 restrictions.
Strong cash balance of £188.0m (FY 2020: £180.5m) and capital adequacy ratio of 230%.