UK Wealth Management Firm Expects Results To Beat Forecasts

Tom Burroughes

17 July 2009

Brooks Macdonald, the UK-listed private client discretionary asset management and financial advisor, said it has traded ahead of its expectations in recent months and results for the year ended 30 June 2009 are now expected to be ahead of market forecasts.

It said funds under management stood at £1.4 billion ($2.29 billion). The firm expects to issue final results for the year ended 30 June to be announced on 15 September 2009, it said in a statement.