StockMarketWire.com - Brooks Macdonald's discretionary funds under management totalled £7.33bn at the end of September, a decrease of 1.07% from the end of June.

The group says that as a comparison the WMA balanced index decreased by 3.85% over the quarter.

The group's property management business Braemar Estates had property assets under administration of £1.073 billion, (30 June 2015: £1.14 billion). The group now has third party assets under administration in excess of £260 million (30 June 2015: >£255million).

Chief executive Chris Macdonald said: "Investment markets have been weak in the first quarter which has an inevitable impact on funds under management and financial performance. However we are pleased that new business is robust and demand for our risk rated investment solutions from both professional intermediaries and private clients continue to gain traction."




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