Brooks Macdonald grows FUM 28pc
Brooks Macdonald Group saw a 28% upswing in discretionary funds under management in its full-year results ending 30 June.
Brooks Macdonald Group saw a 28% upswing in discretionary funds under management in its full-year results ending 30 June.
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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.
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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.
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Discretionary funds under management at Brooks Macdonald increased by almost 30% during the past year, boosted by the acquisition of Jersey headquartered DPZ Capital.
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Brooks Macdonald Asset Management has formed a strategic alliance with Reeves, giving its clients access to Brooks discretionary services.
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Brooks Macdonalds discretionary funds under management have risen by 4.2% to reach £5.9bn in the first quarter of this year.
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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.
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Brooks Macdonald has acquired Jersey-based wealth manager DPZ Capital through one of its subsidiaries, with a view to accelerating its international expansion.
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Brooks Macdonald Funds (BMF) is launching what it believes to be the first actively-managed Ucits core property fund.
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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.
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Brooks Macdonald International, a subsidiary of the AIM-listed, London-based Brooks Macdonald wealth management group, today is launching a platform-based international managed portfolio service.
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Brooks Macdonald Fundshas broadened its managed portfolio service (MPS) with the launch of the actively-managed IFSL Strategic Growth fund.
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