Brooks Macdonald, the UK-listed wealth management and financial advisory group, said it had a “productive” first quarter of its financial year, with assets under management of £1.665 billion ($2.7 billion).

In a statement ahead of the firm’s annual general meeting today, the firm said: “The group is well positioned to continue its growth on a number of fronts.”

“The group has had a productive first quarter of the financial year with the successful acquisition of Lawrence House Fund Managers and the opening of the group's first office in Scotland,” it said in a statement.