Wealth manager Brewin Dolphin has today reported an 8% jump in total funds to a record £51.4 billion today.
Brewin Dolphin said that market sentiment was improving after the Brexit trade deal and the rollout of Covid-19 vaccines.
Wealth managers recorded higher outflows in early 2020, when world shares hit multi-year lows on fears over the economic damage resulting from the pandemic.
"With a Brexit trade deal behind us and the rollout of vaccinations in the UK, market sentiment is starting to improve, and we look forward to benefiting from this recovery over the coming year," chief executive Robin Beer said.
Mr Beer took over from long-term boss David Nicol last year.
The company said gross inflows were £600m in the first quarter ended December 31, higher than the previous quarter and similar to levels seen a year earlier.
Total income rose to £95.9m from £89.6m.
"We are consistently delivering positive inflows, even with the tightened social distancing restrictions imposed in November and December 2020," the CEO said.
The FTSE 250-listed company said it saw strong market performance and high levels of commissions in the quarter, echoing comments from rival Rathbone Brothers earlier this month.
