Brooks Macdonald, an AIM-listed integrated wealth management group, has reported an 'encouraging' first quarter, which delivered an increase in funds under management.
At September 30th, discretionary funds under management totalled £3.751bn, up 6.5% compared to three months earlier. These numbers include Brooks Macdonald Funds, but exclude Braemar Estates and the group's new investment management administration service.
Chris Knight, Chairman of Brooks Macdonald said: "Last year was tough but successful for Brooks Macdonald as we continued to grow funds under management and profits. The group is well positioned for RDR, financially stable and has a number of exciting growth opportunities."
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
NR
-
Barclays warns of significant rise in social media investment scamsInvestment scam victims are losing an average £14k, with 61% of those falling for one over social media. Here's how to spot one and keep your money safe
-
Over a thousand savings accounts now offer inflation-busting rates – how long will they stick around?The rate of UK inflation slowed again in March, boosting the opportunity for savers to earn real returns on cash in the bank. But you will need to act fast to secure the best deals.
