A WEALTH management firm believes it is well placed to overcome Brexit and General Election indecision after seeing profits rise.

Brewin Dolphin says its resilience, allied to a strong financial base and demand for services, will go on cushioning any political and economic jitters and lay a platform for long-term growth.

Bosses revealed their bullish outlook yesterday, upon publication of the company’s half-year results for the period to March 31.

According to the figures, the business, which runs services out of a Newcastle base, saw adjusted pre-tax profit rise 14.1 per cent on a year ago to £32.4m.

Total funds were also up 6.8 per cent to £37.8bn, with total income £10m better off at £147.4m.

David Nicol, chief executive, said: “The group has had a successful first half in a favourable market environment.

“We remain confident of the prospects for long-term growth, despite the backdrop of political uncertainty from the General Election and EU exit negotiations.”

Brewin’s Newcastle office includes investment managers and financial planners, who offer advice on areas such as ISAs, pensions and inheritance tax.