REG - Brooks Macdonald Grp - Fourth Quarter FUMA Update

Brooks MacdonaldAnnouncement

10/07/2025 07:00

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RNS Number : 4498Q  Brooks Macdonald Group PLC  10 July 2025

 

 

10 July 2025

BROOKS MACDONALD GROUP PLC

Fourth Quarter FUMA Update

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 "Q4") and the year ended 30 June 2025.

 

Andrea Montague, CEO of Brooks Macdonald, commented:

"Today, we reported our best quarterly net flow performance in two years and a
significant sequential quarterly improvement.

Our focus remains firmly on executing, at pace, against our strategy. In June,
we launched a new suite of Retirement Strategies that deliver greater income
security and growth for clients in their retirement. This builds on the recent
launch of our Global MPS proposition.

We continue to deliver high quality service to our clients alongside strong
long-term investment performance, which provides a solid foundation for future
growth."

 

Q4 and FY 2025 flows and FUMA

·    Total FUMA increased to £19.2 billion (31 March 2025: £18.6
billion, 31 December 2024: £17.4 billion, 30 June 2024: £16.4 billion).

-  Of this, total funds under management ("FUM") were £16.6 billion (31
March 2025: £16.0 billion).

-  Advised only assets were £2.6 billion (31 March 2025: £2.5 billion).

·    Q4 net outflows of £5 million represent a significant improvement
versus Q3 net outflows of £129 million and the best quarterly performance in
two years.

-  Net outflows across our Bespoke Portfolio Service ("BPS") of £104 million
were 51% lower compared to the previous quarter (Q3 2025: net outflows £211
million), driven by  lower Core BPS outflows, and higher Gilts inflows.

-  Our Platform Managed Portfolio Service ("MPS") saw strong net inflows of
£165 million, bringing annualised growth for the full year to 14%.

·    The Group delivered a marked improvement in net flows in the second
half of the financial year (H2 2025 net outflows £0.1 billion, H1 2025 net
outflows £0.3 billion), supported by the actions taken earlier in the year to
reignite growth, including increased and more systematic client engagement and
the recent acquisitions.

·    Market and investment performance contributed £0.6 billion in the
quarter and £0.7 billion for the full year.

 

Outlook and notice of full-year 2025 results

·    The Board anticipates the full year performance to be in line with
market expectations.

·    Results for the year ended 30 June 2025 will be announced on 4
September 2025.

 

 

Investor enquiries

Brooks Macdonald

Andrea Montague, CEO

Katherine Jones, CFO

Eva Hatfield, Director of Investor
Relations                           +44 (0) 7418 923
061

Email: eva.hatfied@brooksmacdonald.com
(mailto:eva.hatfied@brooksmacdonald.com)

 

Media
enquiries

Misha
Bayliss
+44 (0) 20 74275465

Oscar
Burnett
+44 (0) 20 74275435

Email: brooksmacdonald@teneo.com (mailto:brooksmacdonald@teneo.com)

 

About Brooks Macdonald

Brooks Macdonald Group plc is a leading provider of wealth management services
in the UK.

Proudly serving IFAs and clients since 1991, Brooks Macdonald is
independent, financially strong, and aims to deliver strong and consistent
investment performance for clients to meet their financial objectives. Brooks
Macdonald provides innovative investment solutions to support IFAs and their
clients throughout their entire lives as needs and circumstances change. The
company is recognised as an innovator in the industry having been one of the
first to develop and launch key products such as Managed Portfolio Service.

Realising Ambitions. Securing Futures. We are Brooks Macdonald.

 

Note:

Numbers are subject to rounding.

Net flows by service for the 3 months ended 30 June 2025 ( 1 ) (£m)

                            Opening assets  Gross inflows  Gross outflows  Net flows  Market and investment performance  Closing assets  Annualised net flows growth ( 2 )  FUM growth ( 3 )

                            1 Apr 25                                                                                     30 Jun 25
 BPS                        8,318           176            (280)           (104)      314                                8,528           (5.0)%                             2.5%
 MPS Custody                905             9              (39)            (30)       31                                 906             (13.3)%                            0.1%
 MPS Platform ( 4 )         5,609           546            (381)           165        209                                5,983           11.8%                              6.7%
 Total MPS                  6,514           555            (420)           135        240                                6,889           8.3%                               5.8%
 Funds                      1,212           40             (76)            (36)       32                                 1,208           (11.9)%                            (0.3)%
 Total FUM ( 5 )            16,044          771            (776)           (5)        586                                16,625          (0.1)%                             3.6%
 Advised only assets ( 6 )  2,545                                                                                        2,577
 Total FUMA                 18,589                                                                                       19,202

 

Net flows by service for the year ended 30 June 2025 ( 1 ) (£m)

                           Opening assets  Gross inflows  Gross outflows  Net flows  Acquired  Market and investment performance  Closing assets  Net flows growth ( 2 )  FUM growth ( 3 )

                           1 Jul 24                                                                                               30 Jun 25
 BPS                       8,880           649            (1,372)         (723)      -         371                                8,528           (8.1)%                  (4.0)%
 MPS Custody               974             48             (157)           (109)      -         41                                 906             (11.2)%                 (7.0)%
 MPS Platform ( 4 )        4,367           1,682          (1,081)         601        788       227                                5,983           13.8%                   37.0%
 Total MPS                 5,341           1,730          (1,238)         492        788       268                                6,889           9.2%                    29.0%
 Funds                     1,323           210            (375)           (165)      -         50                                 1,208           (12.5)%                 (8.7)%
 Total FUM ( 5 )           15,544          2,589          (2,985)         (396)      788       689                                16,625          (2.5)%                  7.0%
 Advised only assets (6])  826                                                       1,751                                        2,577
 Total FUMA                16,370                                                    2,539                                        19,202

 

Net flows by service for the four quarters ended 30 June 2025 ( 1 ) (£m)

                            Opening assets  Organic net flows           Acquired  Market and investment performance  Closing assets

                            1 Jul 24                                                                                 30 Jun 25
                            Q1                     Q2     Q3     Q4
 BPS                        8,880           (176)  (232)  (211)  (104)  -         371                                8,528
 MPS Custody                974             (26)   (26)   (27)   (30)   -         41                                 906
 MPS Platform ( 4 )         4,367           142    146    148    165    788       227                                5,983
 Total MPS                  5,341           116    120    121    135    788       268                                6,889
 Funds                      1,323           (51)   (39)   (39)   (36)   -         50                                 1,208
 Total FUM ( 5 )            15,544          (111)  (151)  (129)  (5)    788       689                                16,625
 Advised only assets ( 6 )  826                                         1,751                                        2,577
 Total FUMA                 16,370                                      2,539                                        19,202

Notes:

( 1 ) All FUM numbers exclude Brooks Macdonald International ("BMI") and the
Defensive Capital Fund ("DCF"). The sale of BMI to Canaccord Wealth Genuity
completed in February 2025 at which point attributable FUM totalled £2,272
million. The transfer of the investment management of DCF to RM Capital
Markets Limited completed in November 2024 at which point attributable FUM
totalled £133.5 million.

( 2 ) The net flows growth is defined as annualised/annual net flows as a
percentage of opening FUM, for the relevant period.

( 3 ) FUM growth is defined as the change in FUM over the period as a
percentage of opening FUM.

( 4 ) MPS Platform includes Brooks Macdonald Investment Solutions, the Group's
business to business offering for financial advisers, and the three recently
acquired businesses.

( 5 ) Total FUM includes £2.6 billion of assets (31 March 2025: £2.6
billion) that are both advised and managed by the Group.

( 6 ) Advised only assets excludes assets under advice which are also invested
and managed in a BM proposition.

 

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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