Total group funds under management at Brooks Macdonald increased £1.5bn to £13.7bn for the quarter ending 30 June, with net outflows for the quarter reducing to £0.1bn.

Wealth manager and Chartered Financial Planner Brooks Macdonald has bought the Channel Islands wealth management and funds business of Lloyds Bank International for £9.63m.

Brooks Macdonald has snapped up Edinburgh-based firm Cornelian Asset Managers in a £39m deal.

Financial Planning and wealth management group Tilney has made a new senior hire in Birmingham.