(BRK) Brooks Macdonald
Summary
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RNS Number : 9757W Brooks Macdonald Group PLC 07 February 2012
This information is provided by RNS The company news service from the London Stock Exchange More |
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| Wed 10:43 | RNS |
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RNS Number : 5909W Brooks Macdonald Group PLC 01 February 2012
This information is provided by RNS The company news service from the London Stock Exchange More |
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| 23-01-12 | RNS |
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RNS Number : 9454V Brooks Macdonald Group PLC 23 January 2012
23 January 2012
BROOKS MACDONALD GROUP PLC
Pre-close trading update and Quarterly Announcement of Discretionary Funds under Management
Brooks Macdonald Group plc (the "Group"), the AIM listed integrated wealth management group, today announces a trading update for its half year ended 31 December 2011 together with an update on its discretionary funds under management.
Trading Update Trading for the period was in line with the Board's expectations, with good progress being made in all areas of the business.
The acquisition of the Clarke Willmott investment management team was completed on 31 October 2011 and as at that date a total of £114.4 million of discretionary client assets transferred with the team. The team has been successfully integrated into Brooks Macdonald Asset Management and is based at our new office in Taunton.
The Group was pleased to announce on 10 January 2012 that it has signed an initial three year sponsorship agreement with Middlesex County Cricket Club which the Board believes will further increase the visibility of the Brooks Macdonald brand.
Funds under Management As at 31 December 2011 discretionary funds under management totalled GBP £3.205 billion. This represents an increase of 11% (7% net of the impact of the acquisition of the Clarke Willmott investment management team) compared to the previous quarter ended 30 September 2011 (£2.904bn) and 8% (5% net of the impact of the acquisition of the Clarke Willmott investment management team) compared to the period ended 30 June 2011 (£2.970bn). As a comparison the APCIMS balanced index rose by 6% over the previous quarter and fell by 4% since 30 June 2011.
Included in the above total is Brooks Macdonald Funds; it had funds under management of £114 million at the half year end (30 June 2011: £101 million)
The above numbers exclude Braemar Estates, which had property assets under administration of £780 million as at 31 December 2011 (30 June 2011: £750 million).
Notice of Results
The Group intends issuing its half year results on Tuesday,13 March 2012.
Chris Macdonald, Chief Executive, commented:
"The Group made good progress in the half year across all of its activities in spite of extreme volatility in both sentiment and markets. We continue to work hard on delivering risk adjusted returns to our clients whilst continuing to improve our service, increasing our distribution capabilities, back office functionality and raising the profile of the Group. With this last point in mind we are very excited about our sponsorship of Middlesex cricket."
Enquiries
Notes to editors Brooks Macdonald Group plc is an AIM listed integrated wealth management group. The group consists of three principal companies: Brooks Macdonald Asset Management Limited, a discretionary asset management business; Brooks Macdonald Financial Consulting Limited, a financial advisory and employee benefits consultancy and the Braemar Group which acts as a fund manager, under the name of Brooks Macdonald Funds and manages property assets on behalf of the funds and other clients.
Brooks Macdonald Asset Management provides a bespoke, fee based, investment management service to private high net worth individuals, charities and trusts. It also provides in-house custody, nominee and dealing services and has existing offices in London, Manchester, Hampshire, Taunton, Tunbridge Wells, and Edinburgh.
This information is provided by RNS The company news service from the London Stock Exchange More |
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| 10-01-12 | RNS |
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RNS Number : 2406V Brooks Macdonald Group PLC 10 January 2012
10th January 2012
BROOKS MACDONALD GROUP PLC
Brooks Macdonald unveiled as Middlesex County Cricket Club's new long-term principal sponsor
Brooks Macdonald Group plc (the "Group"), the AIM listed integrated wealth management group, is pleased to announce that it has signed a long-term sponsorship agreement with Middlesex County Cricket Club.
The Group has signed an initial three year agreement that includes branding of the players' kit and at the county's home grounds:
· Brooks Macdonald branding will be featured on the front, back and collars of the Middlesex CCC players' shirts in all three forms of the game (the Friends Life t20, the Clydesdale Bank 40 and the LV= County Championship). · Brooks Macdonald branding will be featured on marketing materials, the MCCC website and in-ground advertising (for county and international fixtures) at the Home of Cricket, Lord's, as well as at other home "outgrounds" such as Richmond and Uxbridge. · Brooks Macdonald sponsorship will also include a wide range of corporate hospitality opportunities.
The arrival of Brooks Macdonald as the club's main sponsor coincides with Middlesex's return to the top flight of the domestic first class structure, as the Lord's based side signed off a brilliant 2011 season with promotion into Division One of the LV= County Championship on the final day of last season. The current Middlesex team includes England captain, Andrew Strauss, and other England stars Steven Finn and Eoin Morgan.
Chris Macdonald, Chief Executive of Brooks Macdonald, commented:
"Following the significant growth of the Group over recent years, we have been exploring options to further increase the visibility of the Brooks Macdonald brand amongst our target client base. As a firm, we are passionate about wealth management and sport and having considered a number of opportunities, the sponsorship of Middlesex was by far the strongest fit as well as a logical expansion of our long running sponsorship of schools' sports teams and other amateur sports clubs, which number in excess of 50 since our launch. These will continue.
"The three year deal is an important milestone in our marketing activity and we are very excited to be working closely with the Middlesex team."
Vinny Codrington, Chief Executive of Middlesex County Cricket Club, added:
"We are absolutely delighted to have signed this agreement with Brooks Macdonald which will see our organisations working closely together over the coming years. Given the current tough economic conditions, we are thrilled that Brooks Macdonald has committed their future to Middlesex County Cricket Club for the next three years, ensuring that we can move forward and pursue our vision and goals with confidence.
"We would like to formally welcome Brooks Macdonald into the Middlesex family and are looking forward to working with them over the years ahead to forge an enjoyable and successful partnership."
END
Notes to Editors Brooks Macdonald Group plc is an AIM listed, integrated, wealth management group and manages £2.9bn of funds under management as at 30 September 2011. The group consists of four principal companies: Brooks Macdonald Asset Management Limited, a discretionary asset management business; Brooks Macdonald Funds Limited, a fund management business; Brooks Macdonald Financial Consulting Limited, a financial advisory and employee benefits consultancy; and Braemar Estates (Residential) Limited, an estate management company.
This information is provided by RNS The company news service from the London Stock Exchange More |
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| 16-01-12 | ||||
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A Top Fund Manager's Top 5 AIM Shares
BY David O'Hara Published in Investing on 16 January 2012 http://bit.ly/An3M3Y A candidate for investor of the year reveals his favourite small-cap ideas. Monday, January 16, 2012 |
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| 14-09-11 | ||||
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Your foresight into RTG is amazing
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| 14-09-11 | ||||
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Brooks Macdonald HOLD
14/09/2011 Miles Nolan http://www.growthcompany.co.uk/recommendations/1655103/brooks-macdonald.thtml Following another record performance, wealth management group Brooks Macdonald (BRK) is to reward its shareholders with a 67% hike in the dividend to 15p a share. When listing on AIM back in 2005 it had £315m under management however this is now up to £3bn - up 36% in the year to June. Over the same period sales jumped 49% to £52.2m as pre-tax profits increased 28% to £7.3m. The balance sheet is also looking strong with cash and liquid assets of £18.5m, worth 175p a share. The improved performance was despite forking out £545,000 for a charge levied by the FSCC, due to the failings of firms that include Keydata and several bucket shops. In August it paid £1.56m for the investment management activities of regional law firm Clarke Wilmott - a move that has helped established a Taunton office and deliverd £120m of discretionary client assets. Brooks acquired Braemar Group last year, which has proved to be a smart move. It now manages over £750m of property assets and has enabled Brooks to set up a new Funds Business that will work alongside three Braemar funds and a Structured Growth Fund. Speaking to Growth Company Investor chief executive Chris Macdonald said 'the macro position remains poor, however stock selection is the name of the game.' He sees plenty of opportunities for further acquisitions, but the fit 'has to be right'. The advent of the Retail Distribution Review in 2013 is also expected to be a positive for Brooks. Broker Collins Stewart remains a fan and predicts 2012 pre-tax profits of £8.3m and EPS of 57p. Despite the undoubted quality of the business, we continue to rate the shares as a hold due to their high rating, however they are a worth buying on weakness. Tags: Acquisitions, AIM market, Financial services, FSCC, Taunton office Sector: Financial Services Companies: Brooks Macdonald Market cap: £129.9mPE Forecast: 21.5 Share price: 1223p |
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