In its last interim results under outgoing chief executive Chris Macdonald, who is stepping down next month, the firm reported discretionary funds had climbed to £9.33bn.
This included organic growth of £332m, or 4%, over the half year to 31 December, and £697m of investment growth.
The wealth manager reported double-digit growth in all three investment divisions – Investment Management, Funds and Brooks Macdonald International – with total group pre-tax profits of £8.16m.
“Within Investment Management we’ve seen continued traction across all our client service lines,” the firm said in today’s stock market announcement.
“In particular, we have renewed our focus on our Bespoke Portfolio Service (BPS) for higher net worth clients, and continue to benefit from changes in the pension landscape, as well as the growth of ISAs.
“Funds had a strong period largely due to growth in our multi asset funds and also in our Defensive Capital Fund which now exceeds £300m.”
The group also reiterated its intention of moving its Funds and Investment Management businesses closer together during 2017: “Both businesses already work closely with regards to investment management and the intent is that this should extend to distribution, also encapsulating our international business.”
It has declared an interim dividend of 15p – up from 12p in 2015 – to be paid on 21 April.
