Assets under advice at Brooks Financial, the new financial planning proposition of wealth manager Brooks Macdonald, held steady at £5.7bn through the first quarter of the financial planner’s financial year.
Brooks reported year-on-year growth of 10% for its Brooks Financial arm for its 2025/26 financial year (to 30 June 2026), the first full year of its operation.
While Brooks Financial assets held steady over the quarter ended 30 September, they now represent 29% of the wealth management group’s total assets, and have grown by 8% since December 2025.
Brooks Financial had £5.3bn in assets under advice at 31 December 2025, of which £2.4bn were advised only assets.
Total funds under management for Brooks Macdonald group remained steady over the quarter, rising slightly to £19.47bn as at 30 September.
Market and investment performance contributed £0.2bn towards the growth in funds under management for the quarter.
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 four consecutive quarters of positive net flows, after having struggled with outflows since 2023. Net inflows for the quarter ended 30 September were £54m, in comparison with £49m of net outflows the same period in the prior year.
Andrea Montague, CEO of Brooks Macdonald, said: "Four consecutive quarters of positive net inflows show that our reignite growth strategy is delivering. Stronger adviser relationships, disciplined execution and continued growth in Financial Planning are accelerating our progress.
“We have invested in our regional presence with new investment managers and Financial Planners. The modernisation of our MPS range makes it simpler for advisers and clients to work with us.”
Platform managed portfolio service inflows held steady at £172m for the quarter (June-September 2025: £175m).
The wealth manager’s bespoke portfolio service continued to see outflows during the quarter. However, the net outflows of £53m were a marked improvement from the prior year which had Q1 net outflows of £157m.