Brooks Macdonald Group's funds under management passed £3bn in 2011, aided by the acquisition of the Clarke Willmott investment management team.
The wealth management group had total discretionary FUM of £3.2bn at the end of 2011, an increase of 11% on the previous quarter (ending 30 September 2011), and up 8% from the period ending 30 June.
It completed its purchase of the Clarke Willmott team on 31 October 2011, bringing across £114.4m of discretionary client assets.
Chris Macdonald, chief executive of Brooks Macdonald, said: "The group made good progress in the half-year across all of its activities in spite of extreme volatility in both sentiment and markets.
"We continue to work hard on delivering risk adjusted returns to our clients whilst continuing to improve our service, increasing our distribution capabilities, back office functionality and raising the profile of the Group."
Brooks Macdonald Funds, the fund management division of the group which launched early in 2011, had funds under management of £114m at the end of 2011, up from £101m on 30 June.
It has confirmed it will pay back to investors all the fixed costs of its three fund of funds.
£1bn business since inception
Considered doing so in 2015
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