Wealth Manager - the site for professional investment managers

Register free for our breaking news email alerts with analysis and cutting edge commentary from our award winning team. Registration only takes a minute.

Brooks Macdonald eyes 'interesting' acquisition opportunities

Brooks Macdonald eyes 'interesting' acquisition opportunities

Brooks Macdonald's discretionary funds under management rose by 11.1% to £570 million in the first half of its financial year and it continues to eye acquisition opportunities.

This growth surpasses the 5% rise in the Apcims Balanced index over the same period.   

Elsewhere advisory funds managed by Brooks Macdonald International totalled £374 million at the end of December versus £354 million at the end of September.

The period saw the firm enter a partnership with property firm North Row Capital and acquire the option to purchase Levitas Investment Management.

Brooks chief Chris Macdonald (pictured) said: 'The first half of our financial year has seen good progress made across the Group, with strong organic growth in funds under management aided in part by positive investment conditions.'

'We continue to review interesting acquisition opportunities as evidenced by the Levitas and North Row Capital transactions, both of which further enhance our investment offering.'

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.
Citywire TV
1 Comment Play Citywire Scotland: how wealth managers use new tech

Citywire Scotland: how wealth managers use new tech

We caught up with a few wealth managers at our annual event in Gleneagles to find out what technological innovations they are employing across their businesses.

1 Comment Play CEO Tapes: Buxton to Gilbert - ‘my Glencore quandary’

CEO Tapes: Buxton to Gilbert - ‘my Glencore quandary’

Do not miss the first two minutes of this film as Richard Buxton shares how he has been challenged by a client for owning shares in a certain company.

Play CEO Tapes: the huge opportunities for asset managers

CEO Tapes: the huge opportunities for asset managers

From tech disruption, retirement and poaching, the CEO discuss the opportunities for their businesses in this episode.

Read More
Wealth Manager on Twitter