21 October 2014
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 for its first quarter ended 30 September 2014.
Funds under Management
Discretionary
As at 30 September discretionary funds under management totalled GBP £6.677 billion, an increase of 1.99% (30 June 2014: £6.550 billion). As a comparison the WMA balanced index increased by 0.72% 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 (£25m) and net new business (£102m) over the quarter.
Analysis of discretionary fund flows over the quarter
|
September 2014 £m |
Opening discretionary FUM (July 14) |
6,550 |
Net new discretionary business |
102 |
Acquisitions |
0 |
Investment growth |
25 |
Total FUM growth |
127 |
Closing FUM |
6,677 |
Organic growth (net of markets) |
1.55% |
Total growth |
1.99% |
Advisory
As at 30 September 2014 advisory funds under management (managed by Brooks Macdonald International) totalled GBP £460.9 million, an increase of 0.99 % (30 June 2014: £456 million).
Property assets under administration
The Group's property management business Braemar Estates had property assets under administration of £1.142 billion, an increase of 0.79 % (30 June 2014: £1.13 billion).
Third party assets under administration
The Group now has third party assets under administration in excess of £215 million (30 June 2014: >£200million).
Chris Macdonald, Chief Executive of Brooks Macdonald, commented:
"Despite more challenging markets during the quarter, which is historically our slowest trading period, the Group has grown discretionary funds under management by c. 2%, derived from a combination of organic growth and by performance. Against this background, the Group has made a reasonable start to the new financial year."
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.
