Brooks Macdonald

Brooks Macdonald has reported 45% growth in discretionary funds under management for the year to June, but warned the costs of investing in the business will drag on margins in 2014.

CASH

MOVERS & SHAKERS

Brooks Macdonald's acquisition of Spearpoint helped drive a 44% rise in FUM in the second half of last year, although the firm continues to count the cost of RDR.

HIDDEN GEMS

AIM-listed wealth manager Brooks Macdonald has seen assets under management soar to £4.6bn in the last three months, boosted by the recent acquisition of Spearpoint.

Brooks Macdonald Funds (BMF) has introduced a clean share class across its fund range.

Brooks Macdonald has acquired discretionary fund manager Spearpoint, manager of the Arch Cru funds, in a deal that could reach £32m.

Wealth manager Brooks Macdonald has announced a spate of acquisitions alongside a hike in profits which have jumped 17% to £8.5m year-on-year.

Discretionary fund manager Brooks Macdonald is to make its administration services available to adviser clients, following "significant demand".