Brooks Macdonald

Brooks Macdonald said today it will complete a deal to buy risk-adjusted funds house Levitas Investment Management "imminently" after reporting another jump in discretionary assets under management.

Brooks Macdonald's asset management business has acquired Jersey-based DPZ in a deal that will add a further £360m to its discretionary AUM.

Brooks Macdonald has reported a 16% increase in interim pre-tax profit as assets under management near the £6bn mark.

Prosperity Independent Financial Advisers and Stockbrokers has joined forces with investment specialist Brooks Macdonald Asset Management to give clients targeted access to their funds.

Brooks Macdonald has signed an option agreement to acquire Levitas Investment Management for up to £24m.

Brooks Macdonald International has launched a managed portfolio service for advisers' international investors.

DFMs

Brooks Macdonald Asset Management has joined forces with FB Wealth Management to offer it access to its Bespoke Portfolio and the Managed Portfolio services.

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.

Brooks Macdonald Asset Management (BMAM) has appointed Lisa Brown as an intermediary sales manager.