Brooks Macdonald has posted a 3% rise in underlying pre-tax profits for the year ended 30 June, covering a period which included the EU referendum and change for the business which was brought under a single brand.
In its final results, the group said it completed its 'brand refresh' over the period, with further plans in this area. It now intends to move its funds and UK asset management business into one brand, Investment Management, in early 2017 (subject to regulatory approval). In its 25th year of operations, the group said underlying pre-tax profits rose from £15.1m during the previous year to £15.5m. Revenues were up 5% from £77.7m to £81.4m, although underlying earnings per share fell 4% from 91.33p to 87.92p. Total funds under management jumped by 12% from £7.41bn at the end of June 201...
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