Integrated investment management group Brooks Macdonald reports a good year for the business despite some significant headwinds from political and market uncertainty. Total funds under management rose by 12% to £8.30bn in the year to the end of June. Revenue was up 5% at £81.4m and underlying pre-tax profits rose by 3% to £15.5m. Pre-tax profits were up 39% at £15.9m and the proposed final dividend of 23.0p per share is up 12%. Chief executive Chris Macdonald said: "This has been a good year for the business in spite of some significant headwinds from political and market uncertainty. "Brooks Macdonald has come a long way over the last 25 years; we are well positioned strategically, have a strong balance sheet, are growing our brand, have high-quality staff across the Group, are working with an increasing number of professional intermediaries and are constantly developing our investment offering. "We have made a good start to the new financial year, with further organic growth in discretionary FUM and look forward with confidence."
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