Brewin Dolphin’s statutory pre-tax profit fell for the year to 30 September 2019 despite increased revenues and assets under management.

Statutory profits came in at £62.6 million, 8.6 percent lower than the £68.5 million reported for the year to 30 September 2018.

Adjusted pre-tax profits, Brewin’s preferred metric, amounted to £75.0 million, 3.2 percent lower than the £77.5 million recorded for the previous year “in line with expectations”.

Brewin, one of the UK’s largest non-bank owned wealth managers, reported total income of £339.1 million, a £10.1 million or 3.1 percent increase on the £...