Wealth manager sees £600m growth in funds under management
Investment management group Brooks Macdonald has seen a near 6.5% increase in funds under management during the third quarter.
The AIM-listed company, which has an office in Leamington Spa, said while Brexit and the upcoming election might have caused uncertainty this had not transferred to the firm’s growth momentum.
It said that as of March 31, 2017 FUM totalled £9.932bn, an increase of 6.45% over the previous quarter (Q2: £9.330bn).
Of this, 3.12% (£291m) was net new business and 3.33% (£311m) investment performance.... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...
