Brooks Macdonald international arm suffers outflows
UK business in the black as FUM shrinks by 5.2% to £1.6bn
Caroline Connellan, CEO of Brooks Macdonald
Brooks Macdonald has reported net outflows from its international arm in the year to 30 June 2019, despite positive performance, as a result of losing a client-facing team in summer 2018.
Funds under management (FUM) in the wealth management group's international division shrank by 5.2% to £1.6bn despite strong performance of 4.4%, the group said. In April, Brooks promoted Andrew Shepherd...
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