Brooks Macdonald FUM up

Integrated wealth management group Brooks Macdonald's discretionary funds under management totalled £6.677bn at the end of September , an increase of 1.99% from the end of June's £6.550bn.

The group says that as a comparison the WMA balanced index increased by 0.72% over the quarter.

Chief executive Chris Macdonald said: "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."




Story provided by StockMarketWire.com

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