According to the group’s quarterly announcement of funds under management, discretionary FUM rose from £6.95bn to £7.47bn over the three months to 31 March 2015, boosted equally by net new inflows and investment growth.
The firm reported net new discretionary business of £263m and investment growth of £263m during the quarter.
This compares favourably to the previous comparable period, when growth of 4.2% was reported, driven primarily by new business inflows.
On the advisory side, Brooks Macdonald saw a 5.47% increase in advisory funds under management to £482m managed by Brooks Macdonald International.
Assets under administration at the firm’s property business, Braemar Estates, stayed roughly flat, at £1.09bn.
