Brooks Macdonald sees discretionary FUM reach record £12.4bn

Up 18.7% over the year

Beth Brearley
clock • 1 min read

Brooks Macdonald saw record discretionary funds under management (FUM) of £12.4bn at the end of June on the back of strong net new business and robust investment performance.

In its trading update for the financial year ended 30 June 2018, the AIM-listed investment management group said discretionary FUM  was up 18.7% over the year, an increase from £10.5bn on 30 June 2017, and up 6.5% over the quarter. Net new business was up 13.1% in the year with UK investment management seeing flows of 16.5% in the bespoke portfolio service (BPS) and 36.5% on the platform managed portfolio service (MPS). Brooks Macdonald International (BMI) saw new business increase from 1.3% in the last financial year to 6.4%. Brooks Macdonald adds further £5.5m to Spearpoint legac...

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