Brooks Macdonald Grp - First Quarter FUMA Update
14 October 2026
BROOKS MACDONALD GROUP PLC
First Quarter FUMA Update
Fourth consecutive quarter of positive net inflows
Brooks Macdonald Group plc ("Brooks Macdonald" or the "Group") today announces flows and funds under management and advice ("FUMA") for the three months ("quarter" or "Q1") ended 30 September 2026.
Andrea Montague, CEO of Brooks Macdonald, commented:
"Four consecutive quarters of positive net inflows show that our Reignite Growth strategy is delivering. Stronger adviser relationships, disciplined execution, and continued growth in financial planning are accelerating our progress.
We have invested in our regional presence with new investment managers and financial planners. The modernisation of our MPS range makes it simpler for advisers and clients to work with us.
This is a positive start to the year, and we are focused on building on that momentum."
Q1 Flows and FUMA
o Q1 net inflows of £54 million represents our fourth consecutive quarter of positive net inflows, despite the seasonally slower summer, and a significant improvement vs prior year (Q1'26 net outflows: £49 million)
o BPS net outflows of £53 million are approximately two thirds better than the prior year (Q1'26: £157 million), with improvements across both gross inflows and gross outflows, reflecting the benefits of our strengthened regional presence, our focus on high net worth clients and client service.
o Platform MPS continues to generate strong net inflows of £172 million (Q1'26: £175 million).
o Total FUMA increased to £21.8 billion (30 June 2026: £21.7 billion).
o Of this, total funds under management ("FUM") were £19.5 billion (30 June 2026: £19.3 billion).
o Of Brooks Financial's Assets under Advice of £5.7bn, 59% is both advised and managed at Q1, compared to 58% at FY26, demonstrating the benefits of our investment in our integrated financial planning business. Advised only assets were £2.4 billion (30 June 2026: £2.4 billion).
o Market and investment performance contributed £0.2 billion of Q1 FUM growth.
Investor enquiries
Brooks Macdonald
Andrea Montague, CEO
Lucy Tilley, CFO
Email: investorrelations@brooksmacdonald.com
Media enquiries
Misha Bayliss +44 (0) 20 74275465
Oscar Burnett +44 (0) 20 74275435
Email: brooksmacdonald@teneo.com
About Brooks Macdonald
Brooks Macdonald is a leading UK investment management firm. Founded in 1991, the firm has grown to become one of the UK's foremost wealth managers, entrusted with over £20 billion in client assets. With 35 years of experience, Brooks Macdonald and Brooks Financial, its financial planning group, support financial advisers and individuals through a comprehensive range of innovative, specialist investment solutions, tailored financial advice and strong investment performance.
Net flows by service for the 3 months ended 30 September 2026 (£m):
Opening Assets 1 Jul 26
Gross Inflows
Gross Outflows
Net flows
Market & Investment Performance
Closing Assets 30 Sep 26
FUM Growth
Annualised net flows growth
BPS
9,265
225
(278)
(53)
86
9,298
0.4%
(2.3)%
MPS Custody
898
6
(34)
(28)
3
873
(2.8)%
(12.5)%
MPS Platform
8,047
450
(278)
172
71
8,290
3.0%
8.5%
Total MPS
8,945
456
(312)
144
74
9,163
2.4%
6.4%
Funds
1,043
28
(65)
(37)
5
1,011
(3.1)%
(14.2)%
Total FUM
19,253
709
(655)
54
165
19,472
1.1%
1.1%
Advised Only Assets
2,416
2,350
Total FUMA
21,669
21,822
Net flows by service for the quarters ended 30 September 2025 (Q1 26), 31 December 2025 (Q2 26), 31 March 2026 (Q3 26), 30 June 2026 (Q4 26) and 30 September 2026 (Q1 27):
Gross inflows
Gross outflows
Organic net flows
Q1 26
Q2 26
Q3 26
Q4 26
Q1 27
Q1 26
Q2 26
Q3 26
Q4 26
Q1
27
Q1 26
Q2 26
Q3 26
Q4 26
Q1 27
BPS
145
345
200
251
225
(302)
(399)
(332)
(271)
(278)
(157)
(54)
(132)
(20)
(53)
MPS Custody
7
9
8
5
6
(42)
(47)
(43)
(49)
(34)
(35)
(38)
(35)
(44)
(28)
MPS Platforms
330
381
507
498
450
(155)
(194)
(226)
(226)
(278)
175
187
281
272
172
Total MPS
337
390
515
503
456
(197)
(241)
(269)
(275)
(312)
140
149
246
228
144
Funds
30
31
41
35
28
(62)
(76)
(97)
(76)
(65)
(32)
(45)
(56)
(41)
(37)
Total flows
512
766
756
789
709
(561)
(716)
(698)
(622)
(655)
(49)
50
58
167
54
Notes:
Totals are subject to rounding.
1. FUM growth is defined as the change in FUM over the period as a percentage of opening FUM.
2. Annualised net flows growth is defined as annualised net flows as a percentage of opening FUM, for the relevant period.
3. MPS Platform includes BMSP, the Group's business to business offering for financial advisers.
4. Total FUM includes £3.4 billion of assets (30 June 2026: £3.3 billion) that are both advised and managed by the Group and £1.8 billion of Direct Wealth assets (30 June 2026: £1.8 billion).
5. Advised only assets are invested and managed by third parties and, as such, are excluded from assets under advice which are also invested and managed in a Brooks Macdonald proposition.
6. Total FUMA includes £ 5.7 billion of AuA (30 June 2026: £5.7 billion).
7. As communicated in our 2026 full year results announcement we have adopted a revised approach to the calculation of gross inflows & outflows for our PMPS proposition to more accurately reflect the underlying movements. Gross inflows and outflows for comparative periods have been restated on a consistent basis. There has been no change to net flows.
Forward-looking statements
This announcement may include statements, beliefs or opinions that are, or may be deemed to be, "forward-looking statements". These forward-looking statements may be identified by the use of forward-looking terminology, including the terms "believes", "estimates", "plans", "projects", "anticipates", "targets", "aims", "continues", "expects", "intends", "hopes", "may", "will", "would", "could" or "should" or, in each case, their negative or other variations or comparable terminology, or by discussions of strategy, plans, objectives, goals, future events or intentions. No representation or warranty is made that any of these statements or forecasts will come to pass or that any forecast results will be achieved. Forward-looking statements may and often do differ materially from actual results. Any forward-looking statements contained in the announcement speak only as of their respective dates, reflect Brooks Macdonald's current view with respect to future events and are subject to risks relating to future events and other risks, uncertainties and assumptions relating to Brooks Macdonald's business, results of operations, financial position, liquidity, prospects, growth and strategies. Except as required by any applicable law or regulation, Brooks Macdonald expressly disclaims any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements contained in this announcement or any other forward-looking statements it may make whether as a result of new information, future developments or otherwise.
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