Wealth Manager - the site for professional investment managers

Register to get unlimited access to Citywire’s fund manager database. Registration is free and only takes a minute.

Brooks Macdonald's AUM surge 28% as DPZ effect kicks in

Brooks Macdonald's AUM surge 28% as DPZ effect kicks in

Brooks Macdonald's assets under management rose by 28% year-on-year, bolstered by the acquisition of DPZ Capital in April.

Discretionary funds under management reached £6.55 billion at the end of June, with an inflow of £629 million in the last quarter, which included £363 million from the DPZ deal.

The group's asset management arm, Brooks Macdonald Funds saw AUM rise by 32.8% to £518 million, up from £390 million, year-on-year. Advisory funds under management rose from £348 million to £456 million, boosted by £58.9 million transferring over from DPZ.

Brooks Macdonald chief executive Chris Macdonald (pictured) said: 'We have continued to see strong growth in our funds under management during the year, which are up 28% on last year and have now reached £6.55 billion. Progress across the group has also been highlighted by selective acquisitions to improve the offering of our funds division, as well as our expanding international presence.

'Whilst we continue to invest heavily for future growth, particularly in systems development, and adapt to the changing regulatory landscape, we look forward to making further progress in the new financial year.'

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 Hugh Yarrow: Why the equity income sector needs fixing

Hugh Yarrow: Why the equity income sector needs fixing

Hugh Yarrow's Evenlode Income fund was recently removed from the Investment Association's UK Equity Income sector.

Play GAM charity football tournament: the live draw

GAM charity football tournament: the live draw

Former Chelsea and England footballer Graeme Le Saux visits Citywire to make the draw for the tournament, where all proceeds going to Wheels for Wellbeing.

Play FIFA, Panama Papers…and what everyone’s getting wrong

FIFA, Panama Papers…and what everyone’s getting wrong

VIDEO: Investigative reporter Jeffrey Robinson reveals how major corruption scandals are being mishandled and what to expect next.

Your Business: Cover Star Club

Profile: JPM Wealth MD on breaking the glass ceiling

Profile: JPM Wealth MD on breaking the glass ceiling

During her tenure at JP Morgan, the private bank has changed the way it segments clients in a bid to improve focus

Wealth Manager on Twitter