Brooks Macdonald Group PLC Quarterly Announcement of Funds under Management (5522L)
April 29 2015 - 2:00AM
UK Regulatory
TIDMBRK
RNS Number : 5522L
Brooks Macdonald Group PLC
29 April 2015
29 April 2015
BROOKS MACDONALD GROUP PLC
Quarterly Announcement of Funds under Management
Change of Registered Office
Brooks Macdonald Group plc (the "Group"), the AIM listed
integrated wealth management group, today announces an update on
its funds under management for its third quarter ended 31 March
2015.
Funds under Management
Discretionary
As at 31 March discretionary funds under management totalled GBP
GBP7.469 billion, an increase of 7.42% (31 December 2014: GBP6.953
billion). As a comparison the WMA balanced index increased by 4.15%
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 (GBP263m) and net new business
(GBP253m).
Analysis of discretionary fund flows over the quarter
GBPm
----------------------- -------
Opening discretionary
FUM (Dec 14) 6,953
----------------------- -------
Net new discretionary
business 253
----------------------- -------
Acquisitions 0
----------------------- -------
Investment growth 263
----------------------- -------
Total FUM growth 516
----------------------- -------
Closing FUM (March
2015) 7,469
----------------------- -------
Organic growth (net
of markets) 3.6%
----------------------- -------
Total growth 7.42%
----------------------- -------
Advisory
As at 31 March 2015 advisory funds under management (managed by
Brooks Macdonald International) totalled GBP GBP482million, an
increase of 5.47% (31 December 2014: GBP457 million).
Property assets under administration
The Group's property management business, Braemar Estates, had
property assets under administration of GBP1.094 billion (31
December 2014: GBP1.091 billion).
Third party assets under administration
The Group now has third party assets under administration in
excess of GBP245 million (31 December 2014: >GBP225million).
Change of Registered Office
The Group hereby announces that on or around 26 May 2015 its
registered office will be changed to:
72 Welbeck Street
London
W1G 0AY
Chris Macdonald, Chief Executive of Brooks Macdonald,
commented:
"After a solid first half performance, we have reported a
positive third quarter, growing discretionary funds under
management by over 7% to GBP7.47 billion, derived from a
combination of organic growth and investment performance.
"As previously announced, we will be moving from our current
London West End offices to new premises nearby during the current
quarter. This will facilitate further expansion of the Group and
underlines our growth ambitions for the remainder of the year and
beyond."
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
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