StockMarketWire.com - Brooks Macdonald's discretionary funds under management increased by 12.4% to £9.33bn in the six months to the end of December.

It said this compared to a rise in the WMA Balanced Index of 7.8%.

An update said: "Net organic growth over the period was 4.0%, against a backdrop of uncertainty following the decision by the UK to leave the European Union and later in the half, further uncertainty surrounding the implications of a Trump presidency.

"These outcomes have undoubtedly dented client sentiment over the last six months and whilst portfolios have performed well in these challenging conditions, we expect market volatility to remain.

"We have continued to progress as planned with our IT system development whilst pursuing our core strategy of growing the business organically.

"Trading over the first half is in line with management's expectations."




At 8:51am: [LON:BRK] Brooks Macdonald Group PLC share price was +10p at 2022.5p



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