Reports

Assets Rise At UK Wealth Manager

Tom Burroughes Group Editor London 23 January 2012

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Brooks Macdonald, the UK wealth management firm that recently announced it was sponsoring Middlesex County Cricket Club, said trading in the half-year period to 31 December 2011 was “in line” with company expectations.

The acquisition of the Clarke Willmott investment management team, completed on 31 October, brought a total of £114.4 million of discretionary client assets to the AIM-listed firm, it said in a statement.

At the end of last year, discretionary funds under management stood at £3.205 billion, a rise of 11 per cent compared to 30 September 2011 and up 8 per cent compared to the period ended 30 June 2011.

Full results will be issued on 13 March.

 

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