Brookes Macdonald has 'encouraging' first quarter

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."

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