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Brooks Macdonald set to deliver higher profits

27th July 2012

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BROOKS  Macdonald, the AIM-listed integrated wealth management group which owns North West property investment company Braemar Estates says it is trading well.

In an update for its year ended June 30, the group said revenues and profits are "comfortably ahead of last year".

It added: "All parts of the business had successful and busy years, despite market conditions being unfavourable."

As at June 30 2012 year-on-year discretionary funds under management rose 18% to £3.52bn.

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