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Assets Rise At UK Wealth Manager

Tom Burroughes

23 January 2012

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.