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Solid growth for Brooks

Despite a choppy fourth quarter, Brooks Macdonald has grown strongly
July 29, 2015

Despite choppy equity markets, wealth manager Brooks Macdonald (BRK) grew its discretionary funds under management by 13 per cent to £7.4bn in the year to June, capping a strong year for the company.

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This compared with the 4 per cent growth in the industry benchmark, the WMA Balanced Index. In a more difficult final quarter, volatile equity markets did mean a £56m fall in discretionary FUM, as investor confidence was knocked. But trading for the year was in line with expectations, and encouragingly the manager’s in-house funds arm grew its assets by more than a quarter over the year to £663m.

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