Brooks Macdonald’s discretionary funds under management totalled £6.55bn for its year ended 30 June 2014, up from £5.11bn in the previous year.
As at 30 June 2014, advisory funds under management totalled £456m, up from £348m in the previous year.
Included in this figure was £58.9m added with the purchase of Jersey-based wealth management business DPZ Capital Ltd back in April.
Over the last quarter, discretionary funds under management rose by £629m.
This included £363m as a result of the DPZ acquisition. This was an increase of 10.6 per cent or 4.5 per cent net of DPZ.
Included in the total is Brooks Macdonald Funds, which had funds under management of £518m.
The group’s property management business, Braemar Estates, had property assets under administration of £1.13bn at the year end, up from £1.04bn on 30 June 2013, an increase of 8.9 per cent or £93m.
Third party assets under administration now stands in excess of £200m, up from £140m a year ago.
Chris Macdonald, chief executive of Brooks Macdonald, said: “We have continued to see strong growth in our funds under management during the year, which are up 28 per cent on last year and have now reached £6.55bn.
“Progress across the group has also been highlighted by selective acquisitions to improve the offering of our funds division, as well as our expanding international presence.
“While we continue to invest heavily for future growth, particularly in systems development, and adapt to the changing regulatory landscape, we look forward to making further progress in the new financial year.”
