Quaterly Announcement of Funds under Management

RNS Number : 7325C

Brooks Macdonald Group PLC

20 October 2015

 

20 October 2015

BROOKS MACDONALD GROUP PLC

Quarterly Announcement of Funds under Management

Brooks Macdonald Group plc (the "Group"), the AIM listed integrated wealth management group, today announces an update on its funds under management ('FUM') for its first quarter ended 30 September 2015.

Funds under Management

Discretionary

As at 30 September discretionary funds under management totalled GBP £7.33 billion, a decrease of 1.07% (30 June 2015: £7.41 billion).  As a comparison the WMA balanced index decreased by 3.85% over the quarter.

This represents all our discretionary funds across the Group (Asset Management, Funds and International) and reflected a combination of investment performance (£-263m) and net new business (£180m) over the quarter.

Analysis of discretionary fund flows over the quarter

	September 2015 £m
Opening discretionary FUM (July 15)	7,413
Net new discretionary business	180
Acquisitions	0
Investment performance	-263
Total FUM movement	-83
Closing FUM	7,330
Organic growth (net of markets)	2.4%
Change in FUM	-1.1%

Property assets under administration

The Group's property management business Braemar Estates had property assets under administration of £1.073 billion, (30 June 2015: £1.14 billion).

Third party assets under administration

The Group now has third party assets under administration in excess of £260 million (30 June 2015: >£255million).

Chris Macdonald, Chief Executive of Brooks Macdonald, commented:

"Investment markets have been weak in the first quarter which has an inevitable impact on funds under management and financial performance. However we are pleased that new business is robust and demand for our risk rated investment solutions from both professional intermediaries and private clients continue to gain traction."

 

Enquiries to:

Brooks Macdonald Group plc

Chris Macdonald - Chief Executive                                                                                    020 7499 6424

Simon Jackson - Finance Director                                                                www.brooksmacdonald.com

Peel Hunt LLP (Nominated Adviser & Broker)

Guy Wiehahn / Adrian Haxby                                                                                             020 7418 8900

MHP Communications

Reg Hoare / Simon Hockridge / Giles Robinson / Charlie Barker                                      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.

 

END

 

 

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