Brooks Macdonald's MPS grows to 20% of £16.8bn AUM

For the year ended 30 June 2023, the investment management firm said its platform managed portfolio service (PMPS) grew its assets by 70% over the past year. Total AUM were recorded at £16.8bn, which was an increase of 7.5% on the previous year. Brooks Macdonald said its completed acquisitions of Integrity Wealth Solutions and Adroit Financial Planning, which has helped "extend and enhance" the group's existing financial planning capabilities. The firm said it will continue to review potential acquisition targets to complement organic growth in line with its strategy. The full-y...