Brooks Macdonald, the AIM listed wealth management group, has reported pre-tax profits up 22% for the year ending June 2013, though warned of future pressures on margins.
Pre-tax profit at the group - which calculates its figures from June to June -jumped from £8.5m in 2012 to £10.4m this year. Revenue rose 19% to £63.2m, up from £53.3m the previous year. The group also reported a year on year increase of 45% in discretionary funds under management to £5.11bn, which it attributed to acquisitions, performance and organic growth in distribution, as well as strategic alliances. Organic growth - stripping out market growth and acquisitions - was 15%. Brooks Macdonald's own funds under management grew to £390m, up from £148m last year, including the acq...
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