Funds under management fell 8.2% for wealth manager and Financial Planner Brewin Dolphin in Q3 as its acquisition by RBC Wealth Management remains on track to complete this autumn.

Wealth manager Brewin Dolphin reported Financial Planning income up 24.6% year-on-year to £23.8m in the six months ending 31 March, driven by higher fund levels and demand for advice.

Royal Bank of Canada (RBC) has launched a recommended bid to acquire major UK wealth manager and Financial Planner Brewin Dolphin for £1.6bn.

Wealth manager Brewin Dolphin saw its Financial Planning income rise 25.3% to £11.9m in the first quarter of its financial year ending 31 December.