Brewin Dolphin has increased its discretionary funds under management by 6.3 percent year-on-year to £39.1 billion, according to a quarterly update from the firm.

The update, which covers its third quarter which ended on 30 June 2019, said “good inflows and investment performance” were behind the increase.

“Discretionary net flows, including transfers, were £0.3 billion in line with the prior quarter, representing an annualised growth rate of 3.2 percent, with positive net new flows across both the direct discretionary and intermediaries' channels,” the firm said.

MPS net flows were £0.2 billion, an...