Brooks Macdonald FUM rises 26% to break £10bn mark

Discretionary funds under management (FUM) at the business reached £10.5bn by the end of June, compared to £8.3bn at the same time last year.  FUM grew some 25.9% over the 12-month period, with £951m coming from net new inflows and £1.2bn from investment performance.  In the final quarter, the firm took in £314m in net new business, helping total assets rise by £523m over the period. The group said all segments had seen increases in FUM over the year, with strong flows into the bespoke and managed portfolio services, assets in Brooks Macdonald International rising past £1.5bn, and ...