Brooks Macdonald has booked a £58m net inflow for its third quarter as it continues to implement a new growth strategy.
Total assets of £19.9bn as of 31 March were marginally down on last December’s £20.1bn, due in part to £301m in ‘adverse market and investment movements’.
Within this, total assets under advice were flat on December’s figure at £5.3bn, while MPS assets hit £8bn. The firm said its platform MPS offerings continued to deliver ‘strong net inflows,’ with the £281m being equivalent to an annualised growth rate of 16%.
The firm noted the ‘inherent market uncertainty’ stemming from macroeconomic and geopolitical tensions, but said its full-year 2026 financial performance remains in line with expectations.
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Andrea Montague, CEO (pictured), said: “I am pleased to report another quarter of positive net flows, with strong momentum in platform MPS and continued improvement in BPS outflows. Our strategy to ‘reignite growth’ is delivering.
“Our targeted distribution coupled with our strong long-term investment performance are building real momentum across the breadth of our products and services.
“Brooks Financial continues to demonstrate the value of our investment in financial planning, serving more clients and driving net flows.
“The wealth management sector continues to offer attractive growth opportunities. We remain focused on the execution of our strategy to deliver long-term sustainable returns.”
