REG - Brooks Macdonald Grp - Third Quarter FY26 FUMA Update

Brooks MacdonaldAnnouncement

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RNS Number : 4726A  Brooks Macdonald Group PLC  15 April 2026

 

15 April 2026

 

BROOKS MACDONALD GROUP PLC

Third Quarter FUMA Update

Brooks Macdonald Group plc ("Brooks Macdonald" or the "Group") today announces
flows and funds under management and advice ("FUMA") for the third quarter of
its 2026 financial year. All statements in this release relate to the period
from 1 January 2026 to 31 March 2026 ("quarter" or "Q3") unless otherwise
stated.

 

Andrea Montague, CEO of Brooks Macdonald, commented:

"I am pleased to report another quarter of positive net flows, with strong
momentum in Platform MPS and continued improvement in BPS outflows.

Our strategy to 'Reignite Growth' is delivering. Our targeted distribution
coupled with our strong long-term investment performance are building real
momentum across the breadth of our products and services. Brooks Financial
continues to demonstrate the value of our investment in financial planning,
serving more clients and driving net flows.

The wealth management sector continues to offer attractive growth
opportunities. We remain focused on the execution of our strategy to deliver
long-term sustainable returns."

 

Q3 flows and FUMA

·    Total FUMA of £19.9 billion (31 December 2025: £20.1 billion, 30
June 2025: £19.1 billion) reflecting net inflows of £58 million, and £301
million of adverse market and investment movements.

-  Of this, total FUM was £17.5 billion (31 December 2025: £17.8 billion)
including BPS of £8.6 billion, and MPS of £8.0 billion.

-  Total assets under advice ("AuA") were £5.3 billion (31 December 2025:
£5.3 billion), of which £2.4 billion were Advised only assets.

·    Q3 net inflows of £58 million represent a material improvement
compared to net outflows of £129 million in Q3 2025, and the second
successive quarter of positive net flows.

-  Net BPS outflows improved by almost 40% vs Q3 2025 to £132 million (Q3
2025: net outflows of £211 million), with both higher gross inflows and lower
gross outflows. We have seen a broad-based improvement across the regions
following our sustained focus on client engagement and strengthening
distribution momentum over the past 18 months.

-  Platform MPS continued to deliver strong net inflows of £281 million,
equivalent to an annualised net flows growth rate of 16%. This reflects
improved net inflows across Platform MPS and Brooks Macdonald Investment
Solutions ("BMIS"), our business to business offering for financial advisers,
as well as encouraging net inflows in our recently launched Platform
Retirement Strategy and Global MPS offering.

·    The negative market and investment performance of £0.3 billion in
the quarter reflects the challenging macroeconomic conditions. Our long-term
investment performance remains strong.

 

 

Outlook and upcoming results

Notwithstanding the inherent market uncertainty posed by ongoing global
macroeconomic and geopolitical tensions, the full year 2026 financial
performance remains in line with the Board's previous expectations.

The fourth quarter FUMA update will be published on 9 July 2026 and the
Financial Results for the year ending 30 June 2026 will be announced on 3
September 2026.

 

Investor enquiries

Brooks Macdonald

Andrea Montague, CEO

Katherine Jones, CFO

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

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

 

Teneo, 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 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 £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 31 March 2026 (£m)

                         Opening assets  Gross inflows  Gross outflows  Net flows  Market and investment performance  Closing assets  FUM growth(1)  Annualised net flows growth(2)

                         1 Jan 26                                                                                     31 Mar 26
 BPS                     8,889           200            (332)           (132)      (172)                              8,585           (3.4)%         (5.9)%
 MPS Custody             905             8              (43)            (35)       (8)                                862             (4.8)%         (15.5)%
 MPS Platform(3)         6,908           745            (464)           281        (98)                               7,091           2.6%           16.3%
 Total MPS               7,813           753            (507)           246        (106)                              7,953           1.8%           12.6%
 Funds(4)                1,085           41             (97)            (56)       (24)                               1,005           (7.4)%         (20.6)%
 Total FUM(4,5)          17,786          994            (936)           58         (301)                              17,543          (1.4)%         1.3%
 Advised only assets(6)  2,320                                                                                        2,359           1.7%
 Total FUMA(4,7)         20,106                                                                                       19,902          (1.0)%

 

Net flows by service for the nine months ended 31 March 2026 (£m)

                         Opening assets  Gross inflows  Gross outflows  Net flows  Market and investment performance  Closing assets  FUM growth(1)  Annualised net flows growth(2)

                         1 Jul 25                                                                                     31 Mar 26
 BPS                     8,528           690            (1,033)         (343)      400                                8,585           0.7%           (5.4)%
 MPS Custody             906             24             (132)           (108)      64                                 862             (4.9)%         (15.9)%
 MPS Platform(3)         5,983           1,831          (1,188)         643        465                                7,091           18.5%          14.3%
 Total MPS               6,889           1,855          (1,320)         535        529                                7,953           15.4%          10.4%
 Funds(4)                1,084           102            (235)           (133)      54                                 1,005           (7.3)%         (16.2)%
 Total FUM(4,5)          16,501          2,647          (2,588)         59         983                                17,543          6.3%           0.5%
 Advised only assets(6)  2,577                                                                                        2,359           (8.5)%
 Total FUMA(4,7)         19,078                                                                                       19,902          4.3%

 

Net flows by service for the quarters ended 31 March 2026 (Q3 26), 31 December
2025 (Q2 26), 30 September 2025 (Q1 26) and 31 March 2025 (Q3 25) (£m)

                  Gross inflows               Gross outflows              Organic net flows
                  Q3 25  Q1 26  Q2 26  Q3 26  Q3 25  Q1 26  Q2 26  Q3 26  Q3 25  Q1 26  Q2 26  Q3 26
 BPS              148    145    345    200    (359)  (302)  (399)  (332)  (211)  (157)  (54)   (132)
 MPS Custody      13     7      9      8      (40)   (42)   (47)   (43)   (27)   (35)   (38)   (35)
 MPS Platform(3)  508    511    575    745    (360)  (336)  (388)  (464)  148    175    187    281
 Total MPS        521    518    584    753    (400)  (378)  (435)  (507)  121    140    149    246
 Funds(4)         42     30     31     41     (81)   (62)   (76)   (97)   (39)   (32)   (45)   (56)
 Total(5)         711    693    960    994    (840)  (742)  (910)  (936)  (129)  (49)   50     58

 

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. The net flows growth is defined as annualised net flows as a percentage of
opening FUM, for the relevant period.

3. MPS Platform includes BMIS, the Group's business to business offering for
financial advisers.

4. On 8 December 2025, two TM Brunsdon funds, managed by Brooks Macdonald
Asset Management Limited ("BMAM") on behalf of Brunsdon Financial, were merged
with two IFSL Magnus funds, and BMAM ceased to act as their investment
manager. The earlier periods have been amended accordingly to reflect the
funds' liquidation. Prior to their liquidation, net outflows across both funds
in the second quarter added to £0.1 million, which have also been excluded
from the reported Funds net flows. Over the past four quarters, combined FUM
across the two funds averaged £128 million, with combined average quarterly
net outflows of £0.1 million.

5. Total FUM includes £3.0 billion of assets (31 December 2025: £3.0
billion) that are both advised and managed by the Group and £1.6 billion of
Direct Wealth assets (31 December 2025: £1.6 billion).

6. 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.

7. Total FUMA includes £5.3 billion of AuA (31 December 2025: £5.3 billion).

 

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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