Brooks Macdonald has delivered record revenue of £108.6m during the year to 30 June 2020, and hit funds under management (FUM) of £13.7bn, also a new record for the firm, despite "extremely volatile" market conditions.
The latest FUM figure represents a 4.1% increase on the 2019 year-end figure, while revenue increased 2.7% on last year. This was driven by two acquisitions, including that of Cornelian Asset Managers announced last November, as well as the firm's "protect to thrive" approach to the Covid-19 pandemic, which placed the health and wellbeing of its personnel at the top of its agenda. H1 2020 results round-up: Pictet reports lower AUM as operating income climbs Investment performance for the financial year to 30 June was also positive at 1%, beating the firm's benchmark, MSCI PIMFA Pri...
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