Brooks Macdonald assets edge past £8bn

Added 26th April 2016

Brooks Macdonald Group reported its assets under management rose 2.37% during the first quarter of 2016 to hit £8.007bn.

Brooks Macdonald assets edge past £8bn

Net new discretionary business was £241m, while investment losses of £56m left total FUM growth at £185m.

Asset in Brooks Macdonald’s property business Braemar Estates edged up to £1.132bn from £1.127bn at the end of 2015.

Chief executive Chris Macdonald said: "After good progress in the first half, we have had a satisfactory third quarter, growing discretionary funds under management to over £8 billion, for the first time in our history."

"Net organic growth remained strong at over 3% for the quarter although our underweight positions in Resources and UK Fixed Income caused client portfolios to lag the benchmark after a sustained period of outperformance," he added. 

Brooks Macdonald now has twelve offices across the UK and the Channel Islands including London, Edinburgh, Guernsey, Hale, Hampshire, Jersey, Leamington Spa, Manchester, Taunton, Tunbridge Wells and York.




Kames Income Hub


Vincent McEntegart, manager of the Kames Diversified Monthly Income Fund, explains how he aims to deliver a stable and sustainable income of 5% p.a.*, paid monthly, by investing in a range of asset classes

Square Mile Research

Lazard Emerging Markets
Lazard Emerging Markets

Talking Factsheets is a video service for users...

Visitor's Comments Add your comment

Add Your Comment

We won't publish your address

About Author

Alex Sebastian

News editor

Alex joined Portfolio Adviser in April 2014 and has been a financial journalist since 2008. He has previously held editorial positions at the Financial Times Group and Euromoney Institutional Investor. Alex is NCTJ qualified and has a degree in economics from the University of Sussex.



Investment Strategy




PA Channel Island 2016
PA Channel Island 2016

8th November 2016
The Royal Yacht, Jersey


17th November 2016
The Andaz

PA Emerging Markets 2016
PA Emerging Markets 2016

1st December 2016
The Mayfair, London

Sponsored Content

Investment Strategy