Brooks Macdonald: Outflows remain steady amid Budget uncertainty
Net outflows for Q1 stood at £0.1bn, representing 0.7% of funds under management
Net outflows for Q1 stood at £0.1bn, representing 0.7% of funds under management
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Core net inflows of £1.5bn, representing 5% of opening assets under management and advice
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Full half-year results to be released on 13 November
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Total outflows increased to £2.1bn in the first half of its financial year
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Private equity takeover moves closer to completion
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LIFT is headquartered in Greater Manchester, with offices in London and Edinburgh
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Firm will acquire £800m of mostly institutional assets from the London-based boutique
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Investment professionals and support staff at Cantab will keep existing roles
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Some 30% of shareholders have already voted in favour of the sale to Saltus
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New trade body will co-ordinate and promote the industry’s interests
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‘We are redefining our strategy to reignite growth’, incoming CEO Andrea Montague said in the firm’s annual results
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IFRS losses after tax amounted to £56m, compared to a £309m profit during H2 last year
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