Brooks Macdonald FUM nears £7bn

Laura Dew
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Brooks Macdonald's discretionary funds under management are nearing £7bn following positive performance and growth in net new business.

In a trading update for the six months to 31 December 2014, the firm said discretionary funds under management across the group rose 6.2% over the period to £6.95bn. This represented a 4.1% increase from September 2014 and was attributed to a combination of combination of performance (£140m) and net new business (£136m) over the quarter. Advisory funds under management were £457m, a decrease of 0.6% from the previous quarter, while property assets fell 4.4%. Third party assets under administration were £225m, a £10m increase from September. The firm said trading was "in line with m...

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