Brooks Macdonald profits rise

Integrated wealth management group Brooks Macdonald has released end-of-year results showing pre-tax profits of £7.3m, a 28 per cent increase on 2010.

The figures, released yesterday, also revealed that total funds under management increased by 36 per cent, to nearly £3bn. Chris Macdonald, chief executive of the AIM-listed company, said that the results are “significant” and show that Brooks Macdonald can continue to grow.