Wealth Manager - Essential news for investment professionals

Register to get unlimited access to all of Citywire’s Fund Manager database. Registration is free and only takes a minute.

Brooks' discretionary funds see double-digit surge

1
Brooks' discretionary funds see double-digit surge

Brooks Macdonald, the AIM listed integrated wealth manager, has seen a welcome rise in its discretionary funds under management. 

Trading for the year was in line with the board's expectations, Brooks said, with revenues and profits 'comfortably ahead' of last year.

As at 30 June, discretionary funds under management totalled £3.5 billion, representing an increase of more than 18% compared to 30 June 2011.

As a further comparison, the APCIMS balanced index fell by 2% over the year and the FTSE100 fell by 7%.

Chris Macdonald, chief executive of Brooks Macdonald (pictured), said: 'The group has had another successful year across all of its activities, whilst continuing to invest in its strategies for growth, despite unfavourable market conditions and weak investor sentiment.'

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.
Citywire TV
Play Tesco, Japan and the rise of the central banker

Tesco, Japan and the rise of the central banker

 Libby Ashby and leading wealth managers scrutinise the food retail sector, Japan’s consumption tax hike and political risk in the markets.

Play Colin McLean's mid-cap picks

Colin McLean's mid-cap picks

The SVM director and fund manager on his pick of the UK mid-caps.

Play Gervais Williams: the real reason to worry about Quindell

Gervais Williams: the real reason to worry about Quindell

Citywire AA-rated manager Gervais Williams has argued that sentiment is the true danger to Quindell.

Your Business: Cover Star Club

Profile: Psigma's Edinburgh boss on why he is in Scotland long term

Profile: Psigma's Edinburgh boss on why he is in Scotland long term

When Tim Wishart agreed to launch an Edinburgh office for Psigma he was not expecting to  head the company’s first overseas team

Wealth Manager on Twitter