Brooks Macdonald appoints head of sales
Brooks Macdonald Funds has appointed a new head of sales to manage its UK team and grow its funds under management.
Brooks Macdonald Funds has appointed a new head of sales to manage its UK team and grow its funds under management.
Brooks Macdonald Asset Management has appointed Keith Scott as business development manager who will develop the firms client relationships in the Midlands region.
Brooks Macdonald Group saw a 28% upswing in discretionary funds under management in its full-year results ending 30 June.
Petrus Financial Services will now have access to two of Brooks Macdonald Asset Managements offshore bond compatible portfolio services as part of a newfound strategic alliance.
While a few notes of caution were raised in the spate of wealth manager results released in the last few days, the outlook is generally fairly sanguine.
Discretionary funds under management at Brooks Macdonald increased by almost 30% during the past year, boosted by the acquisition of Jersey headquartered DPZ Capital.
Brooks Macdonald Asset Management has formed a strategic alliance with Reeves, giving its clients access to Brooks discretionary services.
Brooks Macdonalds discretionary funds under management have risen by 4.2% to reach £5.9bn in the first quarter of this year.
The predicted post-RDR merger boom within the UK wealth manager market has not quite materialised but, judging by recent activity, the big players have their eyes set on international expansion.
Brooks Macdonald has acquired Jersey-based wealth manager DPZ Capital through one of its subsidiaries, with a view to accelerating its international expansion.
Brooks Macdonald Funds (BMF) is launching what it believes to be the first actively-managed Ucits core property fund.
AIM-listed wealth management group Brooks Macdonald has signed a put-and-call-option agreement with shareholders of Levitas Investment Management Services in respect of the sale and purchase of the entire issued capital of Levitas.