Brooks Macdonald gains £54m in fourth quarter of net inflows

This was the firm's fourth consecutive quarter of positive net inflows and up from the £49m net outflows recorded at this point last year. BPS net outflows improved year-on-year, from £157m to £53m, thanks to improvements across gross inflows and outflows due to a strengthened regional presence and a focus on HNW clients. Platform MPS generated net inflows of £172m while funds under management and advice totalled £21.8bn. Brooks Macdonald CEO Andrea Montague said: "Four consecutive quarters of positive net inflows show that our Reignite Growth strategy is delivering. Stronger advis...