Quarterly Announcement of Funds under Management

RNS Number : 5522L

Brooks Macdonald Group PLC

29 April 2015

 

29 April 2015

BROOKS MACDONALD GROUP PLC

Quarterly Announcement of Funds under Management

Change of Registered Office

Brooks Macdonald Group plc (the "Group"), the AIM listed integrated wealth management group, today announces an update on its funds under management for its third quarter ended 31 March 2015.

Funds under Management

Discretionary

As at 31 March discretionary funds under management totalled GBP £7.469 billion, an increase of 7.42% (31 December 2014: £6.953 billion).  As a comparison the WMA balanced index increased by 4.15% over the quarter.

This represents all our discretionary funds across the Group (Asset Management, Funds and International) and this growth was a combination of performance (£263m) and net new business (£253m).

Analysis of discretionary fund flows over the quarter

	£m
Opening discretionary FUM (Dec 14)	6,953
Net new discretionary business	253
Acquisitions	0
Investment growth	263
Total FUM growth	516
Closing FUM (March 2015)	7,469
Organic growth (net of markets)	3.6%
Total growth	7.42%

Advisory

As at 31 March 2015 advisory funds under management (managed by Brooks Macdonald International) totalled GBP £482million, an increase of 5.47% (31 December 2014: £457 million).

Property assets under administration

The Group's property management business, Braemar Estates, had property assets under administration of £1.094 billion (31 December 2014: £1.091 billion).

Third party assets under administration

The Group now has third party assets under administration in excess of £245 million (31 December 2014: >£225million).

Change of Registered Office

The Group hereby announces that on or around 26 May 2015 its registered office will be changed to:

72 Welbeck Street

London

W1G 0AY

Chris Macdonald, Chief Executive of Brooks Macdonald, commented:

"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.

"As previously announced, we will be moving from our current London West End offices to new premises nearby during the current quarter. This will facilitate further expansion of the Group and underlines our growth ambitions for the remainder of the year and beyond."

Enquiries to:

Brooks Macdonald Group plc Chris Macdonald, Chief Executive Simon Jackson, Finance Director	www.brooksmacdonald.com 020 7499 6424
Peel Hunt LLP (Nominated Adviser and Broker) Guy Wiehahn	020 7418 8900
MHP Communications Reg Hoare / Simon Hockridge / Giles Robinson	020 3128 8100

Notes to editors

Brooks Macdonald Group plc is an AIM listed, integrated, wealth management group. The Group consists of six principal companies: Brooks Macdonald Asset Management  Limited, a discretionary asset management business; Brooks Macdonald Funds Limited, a fund management business; Brooks Macdonald Financial Consulting Limited, a financial advisory and employee benefits consultancy; Brooks Macdonald Asset Management (International) Limited, a Jersey and Guernsey based provider of discretionary investment management and stockbroking; Brooks Macdonald Retirement Services (International) Limited, a Jersey and Guernsey based retirement planning services provider; and Braemar Estates (Residential) Limited, an estate management company.

 

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