UK wealth manager Brooks Macdonald Group said that its discretionary funds under management (FuM) in financial third quarter increased 7.4% to £7.46bn from £6.95bn at the end of 31 December 2014.
For the quarter ended 31 March 2015, the firm’s advisory funds under management stood at £482m, a 5.47% rise from December’s figure of £457m.
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Third party assets under administration were in excess of £245m, compared to over £225m in 31 December 2014.
Brooks Macdonald chief executive Chris Macdonald said: "After a solid first half performance, we have reported a positive third quarter, growing discretionary funds under management by over 7% to £7.47 billion, derived from a combination of organic growth and investment performance."
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