Brooks Macdonald Group PLC Quarterly Announcement of Funds under Management (8103U)
October 21 2014 - 2:00AM
UK Regulatory
TIDMBRK
RNS Number : 8103U
Brooks Macdonald Group PLC
21 October 2014
21 October 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 its first quarter ended 30 September
2014.
Funds under Management
Discretionary
As at 30 September discretionary funds under management totalled
GBP GBP6.677 billion, an increase of 1.99% (30 June 2014: GBP6.550
billion). As a comparison the WMA balanced index increased by 0.72%
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 (GBP25m) and net new business (GBP102m)
over the quarter.
Analysis of discretionary fund flows over the quarter
September 2014
GBPm
Opening discretionary FUM
(July 14) 6,550
---------------
Net new discretionary business 102
---------------
Acquisitions 0
---------------
Investment growth 25
---------------
Total FUM growth 127
---------------
Closing FUM 6,677
---------------
Organic growth (net of
markets) 1.55%
---------------
Total growth 1.99%
---------------
Advisory
As at 30 September 2014 advisory funds under management (managed
by Brooks Macdonald International) totalled GBP GBP460.9 million,
an increase of 0.99 % (30 June 2014: GBP456 million).
Property assets under administration
The Group's property management business Braemar Estates had
property assets under administration of GBP1.142 billion, an
increase of 0.79 % (30 June 2014: GBP1.13 billion).
Third party assets under administration
The Group now has third party assets under administration in
excess of GBP215 million (30 June 2014: >GBP200million).
Chris Macdonald, Chief Executive of Brooks Macdonald,
commented:
"Despite more challenging markets during the quarter, which is
historically our slowest trading period, the Group has grown
discretionary funds under management by c. 2%, derived from a
combination of organic growth and by performance. Against this
background, the Group has made a reasonable start to the new
financial year."
Enquiries to:
Brooks Macdonald Group plc www.brooksmacdonald.com
Chris Macdonald, Chief Executive 020 7499 6424
Simon Jackson, Finance Director
Peel Hunt LLP (Nominated Adviser and Broker)
Guy Wiehahn 020 7418 8900
MHP Communications
Reg Hoare / Simon Hockridge / Giles Robinson 020 3128 8100
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
stockbroking; Brooks Macdonald Retirement Services (International)
Limited, a Jersey and Guernsey based 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
MSCPGGAPUUPCGQU
Brooks Macdonald (LSE:BRK)
Historical Stock Chart
From Jun 2024 to Jul 2024
Brooks Macdonald (LSE:BRK)
Historical Stock Chart
From Jul 2023 to Jul 2024