Brooks Macdonald sees 19% growth in funds under management

Driven by investment performance

Brooks Macdonald has increased funds under management by more than £1bn, although the volume driven by organic growth fell to 4%.

In its half-year results for the six months to 31 December 2016, the firm said it had made good progress despite volatile client sentiment and a difficult political and economic background. Revenue for the period came in at £45.3m, up from £38.7m a year ago, while underlying pre-tax profit was £8.8m compared to £7.1m for the same period last year.  Total funds under management were up by £1bn to £9.3bn and the firm said its three investment divisions all achieved double-digit growth.  This is the first time the firm has gained £1bn in funds under management during a six month perio...