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.

After combining its Financial Planning businesses with platform Ascentric and the M&G funds business into M&G Wealth, the firm now has £28bn in assets across the division.

Standard Life Aberdeen continues to look for a buyer for its Parmenion platform, according to its financial results released this morning.

Schroders Personal Wealth, the Financial Planning business launched by Schroders and Lloyds Bank, has reported £200m in net outflows for 2020.