Brooks Macdonald, a London-based AIM listed wealth management group, has generated £5.37bn discretionary funds under management by the end of 30 September 2013, an increase of 5.2%, compared to the figures at 30 June 2013.
According to the group, the APCIMS Balanced index grew by 1.93% over the quarter.
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Brooks Macdonald CEO Chris Macdonald said the group has made a good start to the year reporting solid growth in funds under management across the group.
"Total discretionary funds under management rose 5.2%, driven by a combination of performance gains and organic growth," Macdonald added.
"We are confident that its growth will continue over the course of the year driven by its bespoke portfolio service, advisory services and retirement advice business and later this year through the launch of an offshore managed portfolio service."
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