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Brooks Macdonald’s discretionary FUM up 1.99 per cent in Q3


Brooks Macdonald Group’s discretionary funds under management (FUM) totalled GBP6.677 billion as at 30 September 2014, an increase of 1.99 per cent from GBP6.550 billion at 30 June. 

As a comparison the WMA balanced index increased by 0.72 per cent over the quarter.
This represents all of the discretionary funds across the group (asset management, funds and international) and the growth was through a combination of performance (GBP25m) and net new business (GBP102m) over the quarter.
As at 30 September 2014 advisory funds under management (managed by Brooks Macdonald International) totalled GBP460.9 million, an increase of 0.99 per cent (30 June 2014: GBP456 million).
The group’s property management business Braemar Estates had property assets under administration of GBP1.142 billion, an increase of 0.79 per cent (30 June 2014: GBP1.13 billion).
The group now has third party assets under administration in excess of GBP215 million (30 June 2014: >GBP200million).
Chris Macdonald, chief executive of Brooks Macdonald, says: “Despite more challenging markets during the quarter, which is historically our slowest trading period, the group has grown discretionary funds under management by c. two per cent, derived from a combination of organic growth and by performance. Against this background, the group has made a reasonable start to the new financial year.”

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