(Reuters) – Brewin Dolphin (OTC) reported Wednesday a rise of income due to continued growth in inflows at record levels. This was despite disruptions caused last year by the COVID-19 pandemic.

Central banks’ stimulus measures and vaccines helped boost investor sentiment. Asset managers like Brewin were able to help clients withdraw their cash in large numbers during the first stages of the pandemic, when there was uncertainty.

In the three-months to December 31, the company saw an 8.9% increase in total income to 104.4million pounds (140.96 million million). Total funds stood at 59.9 billion at the close of the quarter.

Brewin Dolphin, which was started in 1762, stated that the discretionary income during that period reached one billion pounds with approximately 65% of it being from new clients.

After losing 18% in value in 2020, record inflows had enabled the company to report a profit increase of nearly 17% in the twelve months ending Sept. 30. The London-listed shares also jumped 21 percent in 2021 due to the records.

Robin Beer, Chief Executive Officer of the company stated that “the consistent strong fund inflows momentum which we have seen from the second quarter last year is testimony to our advice-focused strategy…are supporting sustained growth.”

Brewin Dolphin, November’s spokesperson for the company, stated that markets would be volatile in 2011.

($1 = 0.7406 pounds)