Brooks Macdonald enjoys 8% revenue boost from acquisitions

FUM up 4.3%

Cristian Angeloni
clock • 3 min read

Brooks Macdonald has posted an 8% rise to its revenues, up to £63.6m in the six months to 31 December 2023.

In its half-year results published today (7 March), the wealth manager attributed the increase to higher financial planning revenues, following acquisitions in the first half of 2023, alongside "transactional and net interest income". Brooks Macdonald names co-CIOs after Edward Park exit Over the six months, the company's funds under management grew to a record £17.6bn - a 4.3% increase from June 2023. Private clients FUMA reached £5.2bn over the six months, comprising £4.4bn from the portfolios within Brooks' investment management division and around £800m from third-party portfol...

To continue reading this article...

Join Investment Week for free

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

More on Companies

Impax AM on acquisition trail as AUM steadies

Impax AM on acquisition trail as AUM steadies

Fixed income and private markets

Beth Brearley
clock 28 November 2024 • 2 min read
Shares in Direct Line rise by over 40% following rejection of £3.3bn Aviva bid

Shares in Direct Line rise by over 40% following rejection of £3.3bn Aviva bid

Offer 'highly opportunistic'

Sorin Dojan
clock 28 November 2024 • 2 min read
BlackRock to strike deal for private credit manager HPS - reports

BlackRock to strike deal for private credit manager HPS - reports

Amid M&A spree

Linus Uhlig
clock 28 November 2024 • 1 min read
Trustpilot