Bringing you live news and features since 2006 

upwards trending arrow

Brooks Macdonald FuM up 5.2% in Q3


Brooks Macdonald’s discretionary funds under management totalled GBP GBP5.37 billion at the end of Esptember 2013, an increase of 5.2% on Q2’s total of GBP5.1 billion.

As a comparison the APCIMS Balanced index grew by 1.93% over the quarter.
This represents all discretionary funds across the Group (Asset Management, Funds and International). The growth was through a combination of performance (GBP102m) and net new business (GBP170m) over the quarter.
As at 30 September 2013 advisory funds under management (managed by Brooks Macdonald International) totalled GBP354 million, an increase of 1.7% (30 June 2013: GBP348 million).
The Group’s property management business Braemar Estates had property assets under administration of GBP1.071 billion, an increase of 2.9% (30 June 2013: GBP1.040 billion).
The Group launched its new investment management administration service in April 2012, having successfully become an Application Service Provider ('ASP').  Following this launch third party assets under administration are now in excess of GBP140million (30 June 2013: >GBP120million).
Chris Macdonald, Chief Executive of Brooks Macdonald, says: “The Group has made a good start to the year reporting solid growth in funds under management across the Group. Total discretionary funds under management rose 5.2%, driven by a combination of performance gains and organic growth.
“We are particularly pleased to report that Brooks Macdonald International achieved strong growth in discretionary funds under management in the quarter, in line with our expectation that it would start to grow this year following its integration. We are confident that its growth will continue over the course of the year driven by its bespoke portfolio service, advisory services and retirement advice business and later this year through the launch of an offshore managed portfolio service.  
“We remain confident in our ability to grow funds under management and, remain optimistic about the opportunities for the Group”.

Latest News

Saving and investing app, Moneybox, has doubled the number of ETFs available on the platform, in the light of ‘growing..
Global X ETFs has announced the appointment of Ryan O'Connor as its Chief Executive Officer effective as of April 8, 2024. ..
Value-driven structured credit investing firm, Angel Oak Capital Advisors, LLC, has announced the completed conversions of two of its mutual..
Confidence in the continuing strength of bitcoin and Ethereum is driving wider interest in altcoins and other digital assets, according..

Related Articles

Sal Esposito, Zacks Investment Management
Zacks Investment Management started doing investment research in 1978 and in 1992 started its investment management arm, initially with SMAs...
Jeremy Senderowicz, Vedder Price
Jeremy Senderowicz, a member of the Investment Services Group at law firm Vedder Price, has witnessed a steady upswing in...
Graham MacKenzie, Toronto Stock Exchange
The evolution of ETFs has been a multi-decade experience for Toronto Stock Exchange says Graham MacKenzie, managing director, Exchange Traded...
Frank Koudelka, State Street Global Services
ETF data provider and ETF Express data partner, Trackinsight, has published its Global ETF Survey 2024 Report: ‘50+ Charts on...
Subscribe to the ETF Express newsletter

Subscribe for access to our weekly newsletter, newsletter archive, updates on the site and exclusive email content.

Marketing by