Brooks Macdonald profits slump 4.6% as FUMA rise to £19.2bn

Revenues at the wealth manager also jump

Linus Uhlig
clock • 2 min read

Wealth manager Brooks Macdonald (BM) has seen a fall in pre-tax profits this year, while revenues and funds under management and advice (FUMA) increased.

In the firm's full-year results today (4 September), it reported that underlying profit before tax had reduced by 4.6% to £28.9m.  During the six months to the end of June 2025, the firm managed to somewhat curtail negative flows, with net outflows for H2 down to £100m from £300m in H1. This took the full-year net outflows to around £400m total.  Total FUMA, however, increased by 17.3% to £19.2bn, up from £16.4bn at the end of June 2024. Of this total, funds under management (FUM) were £16.6bn and advised only assets hit £2.6bn. Higher financial planning income following acquisitio...

To continue reading this article...

Join Professional Adviser for free

  • 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

SJP adviser departure sparks dispute over who owns client relationships

SJP adviser departure sparks dispute over who owns client relationships

Rob Stroud left SJP for True Potential after 18 years

Isabel Baxter
clock 08 October 2026 • 4 min read
Aberdeen sells half of stake in Standard Life for £436m

Aberdeen sells half of stake in Standard Life for £436m

Retains 5.2% holding

clock 08 October 2026 • 1 min read
Milecross Financial makes six acquisitions since Openwork buyout

Milecross Financial makes six acquisitions since Openwork buyout

Three more acquisitions in the pipeline

Isabel Baxter
clock 08 October 2026 • 2 min read