Brooks Macdonald doubles assets

Wealth manager Brooks Macdonald yesterday said it had nearly doubled its funds under management over the past year.

The group, listed on the junior stock market, said assets for the quarter ending June stood at £5.1bn, up 45 per cent from £3.5bn a year go. On a quarterly basis, this represented a 2.8 per cent increase after adding £140m more to its asset base over the last three months. Boss Chris Macdonald said: “The last year has been very active. We anticipate making further progress in maintaining this organic growth.”