Chris Macdonald, chief executive of Brooks Macdonald, with John Davey, chief exec at Brooks Macdonald International
Funds under management at Brooks Macdonald Group rose by 5.7% over the last quarter, it was announced today.
As of 31 December 2013 discretionary funds under management totalled £5.68 billion compared to £5.37 billion on 30 September 2013.
This figure represents all of the discretionary funds across the group including asset management and international.
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The growth was a combination of performance – estimated at £160m - and net new business – about £150m - over the quarter.
Over the first six months of the current financial year discretionary funds grew by 11.1% to £570 million.
This compares to the APCIMS balanced index that grew by 5% over the period.
The group's property management business Braemar Estates had property assets under administration of £1.071 billion - the same as September.
Chris Macdonald, chief executive of Brooks Macdonald, said: "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.
"We continue to review interesting acquisition opportunities."
