27th Jan 2015 08:25
LONDON (Alliance News) - Brooks Macdonald Group PLC Tuesday said prospects for the second half of its financial year remain in line with its expectations as the wealth manager reported a rise in discretionary funds under management during the final three months of 2014.
In a statement, Brooks Macdonald said discretionary funds under management rose to GBP6.953 billion at the end of 2014, compared with GBP6.677 billion at the end of September that year. As a comparison, the WMA balanced index increased by 2.4% over the quarter.
Brooks Macdonald said trading for the first half of the year was in line with management expectations.
By Samuel Agini; [email protected]; @samuelagini
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