Discretionary funds under management at the AIM-listed firm rose faster than a key benchmark for portfolios in the six months to the end of December last year.
UK-listed wealth management house Brooks Macdonald Group has reported a 12.4 per cent rise in discretionary funds under management over the second half of 2016, to £9.33 billion ($11.7 billion) at the end of December 2016.
The increase outpaces the rise in the WMA Balanced Index – a measure of portfolio performance often used by the industry - of 7.8 per cent. Increases have been seen across asset management, funds and international business segments, Brooks Macdonald Group said in a statement.
Net organic growth in funds over the period was 4 per cent, which the firm said was affected by uncertainties among investors following the Brexit vote in June last year, and amid the election of US president Donald Trump.
“These outcomes have undoubtedly dented client sentiment over the last six months and whilst portfolios have performed well in these challenging conditions, we expect market volatility to remain,” it said.