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IN BRIEF: Brooks Macdonald posts best quarterly net flow in 2 years

ALN

Brooks Macdonald Group PLC - London-based wealth manager - Says funds under management and advice rose to £19.2 billion in the three months to June 30, the financial fourth quarter, from £16.4 billion a year prior, and from £18.6 billion a quarter prior. Funds under management increased to £16.6 billion from £16.0 billion at March 31. Advised only assets were £2.6 billion, up slightly from £2.5 billion quarter-on-quarter. Fourth quarter net outflows of £5 million represent a significant improvement versus third quarter net outflows of £129 million and the best quarterly performance in two years, the company says. Overall, the board anticipates the full year performance to be in line with market expectations.

Current stock price: 1,790.00 pence, closed up 0.6% in London on Thursday

12-month changed: down 8.2%

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