On a quarterly basis, funds were up 6% compared to the quarter ended 31 March (£2.8bn).
CEO Chris Macdonald said the company has benefited from the support of existing professional connections with IFAs as well as a “steady growth” in new relationships as more firms seek to outsource their investment decisions.
The firm, which has offices in London, Hampshire,Manchester, Tunbridge Wells and Edinburgh, has recently accelerated its growth strategy with the launch of a new funds subsidiary, Brooks Macdonald Funds, with seven new unitised vehicles.
Brooks Macdonald’s business and asset allocation approach was discussed in the May edition of Portfolio Adviser.
