Wealth manager Brewin Dolphin said it saw £7.1 billion wiped off its total funds under management in its fiscal second quarter.
It said today that it could not predict the impact of the coronavirus crisis on profitability as the worst market selloff in a decade hammered pension and investment managers.
"Not surprisingly, the rapid spread of COVID-19 and the unprecedented reaction of the global markets, has negatively impacted the value of our clients' funds and consequently our second quarter total income," the company said.
Brewin Dolphin said its total funds decreased 14.6% to £41.4 billion in its second quarter.
