As of 31 December 2013, the company’s discretionary funds under management totalled £5.68bn. The growth was a combination of performance and net new business over the quarter, the firm said.
Over the first six months of the current financial year discretionary funds grew by £570m, or 11.1%.
Meanwhile advisory funds managed by Brooks Macdonald International totalled £374m on 31 December, compared with £354m reported on 30 September.
"The first half of our financial year has seen good progress made across the group, with strong organic growth in funds under management aided in part by positive investment conditions,” Chris Macdonald, chief executive of Brooks Macdonald, said.
The company acquired an option to purchase Levitas Investment Management Services, as confirmed in December, in order to expand its capabilities to meet client attitudes to risk and extend investment propositions. The firm expects Levitas to achieve significant growth over the next five years and enhance earnings in the next financial year.
Brooks Macdonald will be reporting its half year results on 12 March 2014.
