Brooks Macdonald launches back office service for IFAs

The firm became fully self-clearing in April, and is planning to offer a similar service to IFA firms who wish to outsource part, or all, of their entire back office. Following a soft-launch of the service earlier this year, Brooks Macdonald said third party assets under administration are already in excess of £50m, "demonstrating the considerable appetite for back office support within the wealth community". Matt Aylward, director of investment services, said: "During 2011 we took steps to undertake more of our operational functionality in house to further improve our service offerin...