Trading Update

RNS Number : 6877K

Brooks Macdonald Group PLC

20 July 2011

 



20 July 2010

BROOKS MACDONALD GROUP PLC

Full Year Trading Update

Quarterly Announcement of Discretionary Funds under Management

Notice of Results

Brooks Macdonald Group plc (the "Group"), the AIM listed integrated wealth management group, today announces a trading update for its financial year ended 30 June 2011, an update on its discretionary funds under management, together with notice of its results.

Trading Update

Trading for the year was better than the Board's expectations, even after the impact of the £545,000 Financial Services Compensation Scheme levy.

There has been strong growth in funds under management. As stated at the time of the half year results in March 2011, we intend paying a larger final dividend reflecting the Group's strong dividend cover.

Having integrated the Braemar acquisition during the year, we were pleased to launch Brooks Macdonald Funds Limited just after the year end widening our wealth management proposition to a broader audience.

Discretionary Funds under Management

As at 30 June 2011 discretionary funds under management totalled GBP £2.970bn, up 6% compared to the quarter ended 31 March 2011 (£2.803bn) and 36% compared to 30 June 2010 (£2.186bn).

Notice of Results

The Group intends issuing its final results for the financial year ended 30 June 2011 on Wednesday, 14 September 2011.

Chris Macdonald, Chief Executive, commented:

"The Group performed strongly in the year across all of its activities. We continue to be highly encouraged by the opportunities available to us to grow the business ''

Enquiries

Brooks Macdonald Group PLC Chris Macdonald - Chief Executive Simon Jackson - Finance Director	020 7499 6424 www.brooksmacdonald.com
Collins Stewart Europe Limited (Nominated Adviser & Broker) Bruce Garrow	020 7523 8350
MHP Communications Reg Hoare / Barnaby Fry/ Simon Hockridge/ Giles Robinson	020 3128 8100

 

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