Brooks Macdonald, a London-based wealth management firm, has generated £6.95bn for the half year ended 31 December 2014, an increase of 4.1% from £6.67bn at 30 September 2014.
Go deeper with GlobalData
Access deeper industry intelligence
Experience unmatched clarity with a single platform that combines unique data, AI, and human expertise.
The growth in discretionary funds across the Group was driven by the combination of performance (£140m) with £136m coming from net new business.
Advisory funds under management stood at £457m at 30 June 2013, a decrease of 0.65% from £460.9m at the end of September 2014.
Brooks Macdonald also reported third party assets have grown to in excess of £225m as at 31 December 2014.
Brooks Macdonald CEO Chris Macdonald said: "The Group has continued to make good progress in the second quarter with funds under management just under £7bn, capping a solid first half performance despite volatile markets and continued industry change.
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalData"Over the 2014 calendar year discretionary funds under management have grown by over £1.27bn (including the acquisition of DPZ of £360m in April) and over the first six months of the current financial year by over £400m."
