Wealth manager Brooks Macdonald has reported rapid growth in profits and funds under management for the year ended 30 June as recent acquisitions helped deliver strong results.

Wealth manager and Financial Planner Brooks Macdonald has boosted its South West presence by opening a new office in Cheltenham and relocating its Taunton office to Exeter.

Discretionary fund manager Rathbone Investment Management has appointed former Brooks Macdonald senior investment director Scott Lothian as its new investment director in Edinburgh.

Standard Life Aberdeen has hired Brooks Macdonald CEO Caroline Connellan to be the new chief executive of its personal wealth division which includes Financial Planning business 1825.