Brooks FUM rises but planning revenue dips

Wealth manager and Financial Planning firm Brooks Macdonald has reported a 13.3% rise in group funds under management (£15.5bn) but revenues for its Financial Planning arm have dipped.


Brooks Macdonald FUM rises 13.6%

Total group funds under management at wealth manager and Financial Planner Brooks Macdonald increased 13.6% to £15.5bn in its second quarter ending 31 December 2020.


Brooks Macdonald removes VAT from MPS offering

Brooks Macdonald has stopped applying VAT on the group’s managed portfolio service (MPS) from 1 January 2021.


Brooks Macdonald adds £900m as Lloyds acquisition completes

Wealth manager and Chartered Financial Planner Brooks Macdonald has completed the acquisition of Lloyds Bank International’s Channel Islands wealth management and funds business, adding £900m of funds under management and 1,000 private clients.

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