January 23, 2019 / 7:07 AM / 10 months ago

BRIEF-Brewin Dolphin Q1 total funds down 7.7 pct on market falls

Jan 23 (Reuters) - Brewin Dolphin Holdings PLC:

* SAYS TOTAL FUNDS REDUCED BY 7.7 PCT TO 39.5 BLN POUNDS (FY 2018: 42.8 BLN POUNDS) AND DISCRETIONARY FUNDS REDUCED BY 7.2 PCT TO 34.9 BLN POUNDS (FY 2018: 37.6 BLN POUNDS) DRIVEN BY LOWER MARKET LEVELS

* SAYS DISCRETIONARY NET FLOWS, INCLUDING TRANSFERS, WERE 0.5 BLN POUNDS (Q1 2018: 0.7 BLN POUNDS) IN LINE WITH LAST QUARTER OF FY 2018 REPRESENTING AN ANNUALISED GROWTH RATE OF 5.3 PCT.

* SAYS DIRECT NET FLOWS, INCLUDING TRANSFERS, OF 0.2 BLN POUNDS CONTINUE POSITIVE OVERALL TREND SEEN IN FY 2018 AND ARE IN LINE WITH BOTH Q1 AND Q4 2018

* SAYS MPS NET FLOWS WERE 0.2 BLN POUNDS, AN ANNUALISED GROWTH RATE OF 26.7 PCT.

* SAYS INTERMEDIARIES NET FLOWS WERE 0.1 BLN POUNDS.

* SAYS TOTAL INCOME WAS 77.7 MLN POUNDS (Q1 2018: 79.0 MLN POUNDS), A DECREASE OF 1.6 PCT. Source text for Eikon: Further company coverage: (Reporting By Simon Jessop)

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