Quarterly FUM update announced
Brooks Macdonald Group plc today announced an update on its discretionary funds under management for the first quarter of its financial year end.
As at 30 September 2012 discretionary funds under management totalled GBP £3.751 billion. This represents an increase of 6.5% compared to 30 June 2012 (£3.520bn). As a comparison the APCIMS balanced index rose by 2.45% over the quarter.
The above 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.
"We have had an encouraging first quarter of the new financial year with an increase in funds under management, continuing our track record of growth."