Brooks Macdonald MPS assets climb to £3.9bn but firm sees £100m net outflow
BM Investment Solutions offering for advisers contributed to 7.3% rise
BM Investment Solutions offering for advisers contributed to 7.3% rise
The firm’s UK retail funds and model portfolio service was hardest hit, having suffered a net outflow of £1.4bn
Group revenue up 8% to £59.1m in the second half
Following a lacklustre set of Q3 results, are technology stocks finally losing their sheen?
Migration of assets from Saunderson House continues
AUMA has fallen by 12% over six months to the end of September
But anticipates flows to turn positive in FY24 as a whole
Despite assets falling to £332.8bn in the six months to the end of June
Key events for UK wealth managers for the week starting 14 August
Investment arm profits have fallen by 66% year-on-year
Luke Ellis to step down as Man Group CEO in September
AUM up 2% despite modest net inflows and ‘muted’ retail investor appetite