Brooks Macdonald sees 19% growth in funds under management

Driven by investment performance

Laura Dew
clock • 2 min read

Brooks Macdonald has increased funds under management by more than £1bn, although the volume driven by organic growth fell to 4%.

In its half-year results for the six months to 31 December 2016, the firm said it had made good progress despite volatile client sentiment and a difficult political and economic background. Revenue for the period came in at £45.3m, up from £38.7m a year ago, while underlying pre-tax profit was £8.8m compared to £7.1m for the same period last year.  Total funds under management were up by £1bn to £9.3bn and the firm said its three investment divisions all achieved double-digit growth.  This is the first time the firm has gained £1bn in funds under management during a six month perio...

To continue reading this article...

Join Investment Week for free

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

More on Wealth Management

Wealth management heavyweights join KKR's Global Wealth Investment Council

Wealth management heavyweights join KKR's Global Wealth Investment Council

Newly formed forum

Valeria Martinez
clock 25 March 2024 • 1 min read
M&G Wealth Platform to host full MPS range from 7IM

M&G Wealth Platform to host full MPS range from 7IM

Expands accessibility for advisers

Sahar Nazir
clock 19 February 2024 • 1 min read
Redington head of global assets Gillespie: Do you trust your DFM?

Redington head of global assets Gillespie: Do you trust your DFM?

Five key questions to ask

Tara Gillespie
clock 31 January 2024 • 4 min read
Trustpilot