Brooks Macdonald has said that its discretionary assets under management (AuM) grew by almost 2% to £6.68bn in the first quarter ended 30 September.
The AIM-listed wealth management group said £25m of the growth was down to performance, with £102 million coming from net new business.
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Advisory funds under management totalled £460m, up from £456m in June while third party assets were £215m.
The company also said it now has third party assets under administration in excess of £215m, up from £200m in June.
Chris Macdonald, CEO of Brooks Macdonald, said: "Despite more challenging markets during the quarter, which is historically our slowest trading period, the Group has grown discretionary funds under management by 2%, derived from a combination of organic growth and by performance. Against this background, the Group has made a reasonable start to the new financial year."
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