The net inflows of assets of British wealth managers Rathbones, Brewin | Agricultural products

* Rathbone Brothers H1 badets up 2 pc

* Brewin Dolphin Q3 badets up 6.5 pc

* Aided by net inflows, both positive on the outlook

By Simon Jessop

LONDON, July 25 (Reuters) – UK wealth managers Rathbone Brothers and Brewin Dolphin said their respective badets rose on Wednesday, thanks to net inflows of new clients.

Both companies have sought to increase the amount they invest directly on behalf of their high net worth clients in recent years, in part through regulatory changes that have allowed people to better control their retirement savings .

Rathbones, who recently announced his intention to buy his Scottish competitor Speirs & Jeffrey, said his total badets in the six months up to June were 39.9 billion pounds ($ 53 billion). dollars), up 2% from the end of December.

Pre-tax earnings for the period jumped 64.3% to 43.7 million pounds, partly due to a recovery in costs related to the recent relocation of the company's headquarters to cheaper premises in London .

This, in turn, helped support an interim dividend of 24 pence per share, up from 22 pence in the prior year period.

"During the second half of the year, we will continue to give priority to the investment of time and financial resources in our investment management, seeking to improve our services and capabilities. the efficiency of our infrastructure, "said Rathbones. Stuart Duncan, an badyst with Peel Hunt, said the results were "well above expectations," though KBW badysts said the inflows were below target and at 7:37 GMT, Rathbones shares fell 1% to 2,468 pence each.

Brewin Dolphin, a counterpart to the sector, also had a solid third quarter as total funds rose 6.5% to £ 42.3 billion, driven by market inflows and gains.

This allowed the company to generate a record revenue of 84.2 million pounds for the quarter at the end of June.

"The important and ever-changing need for financial and investment advice in the UK continues to support our strategic direction and we remain confident in the prospects for the business," said the Managing Director. David Nicol in a statement.

Calling net inflows "significantly better than the target," KBW badyst Jonathan Richards said he expected a rise in Brewin Dolphin's shares.

At 0737 GMT, they rose 1.4% to 341.2 pence per share. ($ 1 = 0.7604 books) (Report by Simon Jessop, edited by Susan Fenton)