Source - SMW
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."