Brooks Macdonald Group PLC Quarterly Announcement of Funds under Management (0272F)
April 17 2014 - 2:00AM
UK Regulatory
TIDMBRK
RNS Number : 0272F
Brooks Macdonald Group PLC
17 April 2014
17 April 2014
BROOKS MACDONALD GROUP PLC
Quarterly Announcement of Funds under Management
Brooks Macdonald Group plc (the "Group"), the AIM listed
integrated wealth management group, today announces an update on
its funds under management for the quarter ended 31 March 2014.
Funds under Management
Please note that all numbers below exclude the recent
acquisition of DPZ Capital announced on 14 April 2014. All
percentages below refer to the change compared to the prior
quarter.
Discretionary
As at 31 March discretionary funds under management totalled GBP
GBP5.924billion, an increase of 4.2% (31 December 2013:
GBP5.680billion). As a comparison the WMA balanced index declined
by 0.3% over the quarter.
This represents all our discretionary funds across the Group
(Asset Management, Funds and International) and this growth was a
combination of performance (cGBP30million) and net new business
(cGBP215million) over the quarter.
Advisory
As at 31 March advisory funds under management totalled GBP
GBP413 million, an increase of 10.5% (31 December: GBP374
million).
Property assets under administration
The Group's property management business Braemar Estates had
property assets under administration of GBP1,137 billion, an
increase of 6.27% (31 December: GBP1,070 billion).
Third party assets under administration
Third party assets under administration are now in excess of
GBP180million (31 December 2013: >GBP160million)
Analyst and Institutional Investor event
The Group is holding an event for analysts and institutional
investors on Monday 12 May. Interested parties should contact MHP
Communications for further information.
Chris Macdonald, Chief Executive of Brooks Macdonald,
commented:
"Despite flat markets in the first quarter, we have made good
progress in growing assets under management in all areas of the
business. Overall, in our financial year to date, discretionary
funds under management have risen 16%.
"The acquisition of DPZ Capital at the start of the new quarter
has expanded our International business based in Jersey and adds a
further c.GBP360m of funds under discretionary management. The
acquisition of DPZ is a further exciting development for the
group."
Enquiries
Brooks Macdonald Group plc
Chris Macdonald - Chief Executive 020 7499 6424
Simon Jackson - Finance Director www.brooksmacdonald.com
Canaccord Genuity Limited (Nominated Adviser & Broker)
Bruce Garrow/Joe Weaving 020 7523 8350
MHP Communications 020 3128 8100
Reg Hoare / Barnaby Fry / Simon Hockridge / Giles Robinson
brooks@mhpc.com
Notes to editors
Brooks Macdonald Group plc is an AIM listed, integrated, wealth
management group. The group consists of six principal companies:
Brooks Macdonald Asset Management Limited, a discretionary asset
management business; Brooks Macdonald Funds Limited, a fund
management business; Brooks Macdonald Financial Consulting Limited,
a financial advisory and employee benefits consultancy; Brooks
Macdonald Asset Management (International) Limited, a Jersey and
Guernsey based provider of discretionary investment management and
stock broking; Brooks Macdonald Retirement Services (International)
Limited, a retirement planning services provider and Braemar
Estates (Residential) Limited, an estate management company
This information is provided by RNS
The company news service from the London Stock Exchange
END
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