Brooks Macdonald FUM rises 26% to break £10bn mark

Further investments in risk management

Anna Fedorova
clock
Caroline Connellan: "To position the business for future growth, we will be stepping up investment in our regulatory and risk management capabilities."
Image:

Caroline Connellan: "To position the business for future growth, we will be stepping up investment in our regulatory and risk management capabilities."

Brooks Macdonald has seen its funds under management break through the £10bn barrier, rising 26% over its financial year to 30 June.

Discretionary funds under management (FUM) at the business reached £10.5bn by the end of June, compared to £8.3bn at the same time last year.  FUM grew some 25.9% over the 12-month period, with ...

To continue reading this article...

Join Professional Adviser

 

  • Unlimited access to real-time news, industry insights and market intelligence.
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters.
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection.
  • Members-only access to the editor’s weekly Friday commentary
  • 
 Be the first to hear about our events and awards programmes.

Join

 

Already a Professional Adviser member?

Login

More on Companies

Sanlam Wealth rebrands to Atomos after £140m PE acquisition

Sanlam Wealth rebrands to Atomos after £140m PE acquisition

The hybrid wealth manager’s name means ‘indivisible’ in ancient Greek

Jenna Brown
clock 21 September 2022 • 1 min read
Sense and Lyncombe networks see revenue and profits rise

Sense and Lyncombe networks see revenue and profits jump

Profits at Sense network increased to £1.62m with revenue also rising

Jenna Brown
clock 20 September 2022 • 1 min read
Kingswood CEO David Lawrence

Kingswood hits £7bn in assets under advice for first half of 2022

Six acquisitions made this year, eight further to complete before year-end

Julia Bahr
clock 15 September 2022 • 2 min read