New Brooks Macdonald Group CEO Caroline Connellan has unveiled plans for the group to continue investing in technology and distribution to reflect the wealth manager's growing scale.
The final results for the period to 30 June, released this morning, said the group's total discretionary funds under management grew to £10.5bn, an increase of 25.9% from £8.3bn, which it attributed to organic growth with net new business of £951m (compared to £863m in 2016) and investment performance, which added £1.2bn to the total figure. In the first results reported under chief executive Caroline Connellan, who started her role as the CEO of Brooks Macdonald in April this year after its former boss Chris Macdonald stepped into the post of deputy chairman, revenues were up 12.7% to £...
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