The London headquartered AIM listed company, said its total discretionary funds under management increased by 6.15% during the last six months and 4.1% over the last quarter, “despite a period of volatility for markets”, bringing total FUM to £6.953bn ($10.4bn, €9.3bn).
Brooks Macdonald explained this growth, which represents all discretionary funds across its Channel Islands based asset management business, funds and international divisions, was achieved through a combination of net new business of £136m and performance of £140m.
The company’s advisory FUM, managed by Brooks Macdonald International totalled £457m, a 0.65% decrease over the quarter from the end of December.
Third party assets under administration meanwhile increased to more than £225m during the last quarter from under £215m.
Chris Macdonald, chief executive of Brooks Macdonald, said: “The group has continued to make good progress in Q2 with funds under management just under £7bn, capping a solid first half performance despite volatile markets and continued industry change.
“Over the 2014 calendar year discretionary funds under management have grown by over £1.27bn (including the acquisition of DPZ of £360m in April) and over the first six months of the current financial year by over £400m.”
