The Financial Planning proposition of wealth manager Brooks Macdonald, Brooks Financial, grew 10% year on year in the 12 months to 30 June.
Brooks Financial now accounts for around 25% of the wealth manager’s group revenue, according to its annual results published today.
The Financial Planning arm also exceeded its cost synergy target for the year, as well as achieving 98% client retention.
Brooks Macdonald launched its new Financial Planning brand in July 2025 following the acquisitions of LIFT-Financial, Lucas Fettes and CST.
The Brooks Financial team continue to look for more potential Financial Planner firms to acquire.
The wealth manager reported three consecutive quarters of positive net flows, after having struggled with outflows since 2023. Net inflows for the year were £226m, an improvement of over £600m from the previous full year.
Total funds under management and advice increased by 14% to £21.7bn (30 June 2025: £19.1bn), including funds under management of £19.3bn and advised only assets of £2.4bn.
Revenue increased 6% to £118.1m, supported by higher average FUM and growth in Financial Planning revenue, partly offset by lower transactional, FX and interest income.
Andrea Montague, CEO of Brooks Macdonald, said: "FY26 was a year of strong progress as we completed a two-year period of transformation, investment and organisational restructuring to reignite growth. We returned to positive annual net flows, with growing momentum across the business. Platform MPS delivered strong growth of 35%, BPS FUM increased by 9%, and we successfully integrated Brooks Financial, contributing like-for-like revenue growth of 10%.
“We enter FY27 with a stronger and more efficient business and the momentum required to capture the significant market opportunities ahead."
Statutory profit before tax was £3.2m, after strategic transformation, organisational restructure, acquisition and integration related items and the amortisation of acquired client relationships, equivalent to statutory diluted earnings per share of 15.1 pence.
The wealth manager's platform Managed Portfolio Service funds under management increased by 35% to £8bn, with annualised net flows of 15%. Brooks added that it expects the MPS market to more than double to £450bn by 2030.
The board has recommended a final dividend of 52 pence per share, resulting in a full-year dividend of 83 pence per share.