British wealth manager Brooks Macdonald Group said that its discretionary funds under management (FuM) for the year ended 30 June 2015 increased 13% to £7.41bn from £6.55bn a year ago.
The group posted a pre-tax profit of £11.4m for the year, up 8% compared to £10.6m in the corresponding period of 2014.
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The group’s revenues for the year stood at £77.7m, up 12% versus £69.1m in the previous year.
For the year ended 30 June 2015, Brooks Macdonald Funds grew funds under management to £663m compared to £518m a year ago.
Third party assets under administration were in excess of £255m, compared to over £200m in 2014.
Brooks Macdonald CEO Chris Macdonald said: "We have continued to grow funds under management and increase profits whilst making considerable progress on our IT development, our distribution, improving our governance, completing two strategic alliances, broadening the senior management team and moving our head office.
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By GlobalData"Over the coming year we will look to continue with the progress made and look to drive performance, service and new business."
