Brooks Macdonald nets £400m inflow as assets climb to £16.8bn

Q3 update reveals eighth successive quarter of positive net flows

Andrew Shepherd
Andrew Shepherd


Wealth manager Brooks Macdonald recorded an eighth successive quarter of net inflows as its total funds under management (FUM) rose 3.5% in the three months to 31 March.

The £400m net inflow in the quarter was driven by the firm’s model portfolio service (MPS) platform, which received £498m organic net new business over the period, and £1bn for the nine months to 31 March.

The firm said the inflows, alongside investment performance, contributed to the group’s FUM ending Q3 at £16.8bn. For the financial year so far, it has risen 7.2% from £15.7bn on 1 July 2022.

Andrew Shepherd (pictured), Brooks Macdonald chief executive, said: “I am delighted to report another strong quarter for Brooks Macdonald, despite market conditions, with net flows reaching a level last seen five years ago, demonstrating the ongoing success of our strategy in action. I am grateful to our clients, our network of intermediaries, and in particular our people, whose commitment and focus on our clients make these results possible.”

Within the quarterly FUM update, the firm noted that its overall pipeline “remains healthy”, despite market conditions continuing to affect conversion times, with underlying performance remaining in line with expectations.

Brooks has undergone significant change in its senior ranks since the start of the year, with its CFO, COO, head of risk, and head of responsible investing all either leaving, or announcing their departures.

See also: Brooks Macdonald enjoys sound six months as FUM recovers


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