Wealth management firm Brooks Macdonald saw their funds under management (FuM) reach £5,924 million in the first quarter of 2014, a 4.2% increase from the £5,680 million FuM in the previous quarter.
In addition, growth was aided by performance, which added approximately £30 million to company, and roughly £215 million worth of new business.
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Chris Macdonald, chief executive, said: "Despite flat markets in the first quarter, we have made good progress in growing assets under management in all areas of the business. Overall, in our financial year to date, discretionary funds under management have risen 16%."
The results for this quarter exclude the purchase of DPZ Capital, finalised earlier this week.
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