Discretionary funds under management (FuM) at Brooks Macdonald increased by 28.2% during the year to the end of June, boosted by the acquisition in April of Jersey-headquartered DPZ Capital.
Brooks Macdonald said its discretionary arm, which makes up the bulk of its FuM, totalled £6.55bn at the end of June, compared with £5.11bn a year ago.
The acquistion of DPZ brought in discretionary assets of £363 million.
Another acquisition on the cards is Levitas Investment Management Services. Brooks Macdonald acquired the option to buy the company earlier this year with a view to expanding its range of risk-adjusted funds and adding further exposure to the pensions market, including auto-enrolment. It said it 'expects to exercise the option to acquire Levitas imminently'.