27 January 2021 | 07:20am StockMarketWire.com - Wealth management company Brewin Dolphin reported an increase in total funds in the first quarter of the year, driven by strong market performance and continued 'high levels' of commissions. For the three months ended 31 December 2020, quarterly income increased by 7.0% to £95.9 million year-on-year and discretionary net flows were £0.1 billion, representing an annualised growth rate of 1.0%. Managed portfolio service, or MPS funds, grew to £4.9 billion, up from £4.4 billion year-on-year, with net flows of £0.1 billion, an annualised growth rate of 9.1%. For 2020, total funds increased by 8.0% to a record £51.4 billion year-on-year, with discretionary funds up 8.3% to £44.6 billion, supported by strong investment performance, the company said.