Brewin Dolphin’s income increased by 15.3 percent to £89.6 million in the three months to 31 December 2019.

In a trading update for the first quarter of its financial year ending 30 September 2020, the firm noted this income included £4 million resulting from recent acquisitions, including that of Investec’s Republic of Ireland wealth management arm.

This update came as the news that chief executive David Nicol will retire later this year...