Brooks Macdonald's MPS grows to 20% of £16.8bn AUM

The firm says it is ‘well positioned to support clients and advisers’

Sahar Nazir
clock • 1 min read

Brooks Macdonald Group has reported today (14 September) that around 20% of its £16.8bn of assets under management (AUM) are now held within the model portfolio service it offers financial advisers.

For the year ended 30 June 2023, the investment management firm said its platform managed portfolio service (PMPS) grew its assets by 70% over the past year. Total AUM were recorded at £16.8bn, which was an increase of 7.5% on the previous year. Brooks Macdonald said its completed acquisitions of Integrity Wealth Solutions and Adroit Financial Planning, which has helped "extend and enhance" the group's existing financial planning capabilities. The firm said it will continue to review potential acquisition targets to complement organic growth in line with its strategy. The full-y...

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 Your profession

Iress launches two-way integration with CIExpert for advisers

Iress launches two-way integration with CIExpert for advisers

Helping advisers meet Consumer Duty demands

Jaskeet Briah
clock 28 January 2025 • 2 min read
Progeny makes leadership changes as Tom Wood becomes CEO

Progeny makes leadership changes as Tom Wood becomes CEO

Founder Neil Moles moves into non-exec and president role

Sahar Nazir
clock 28 January 2025 • 1 min read
Israel-Gaza ceasefire: Implications for UK investors and financial advisers

Israel-Gaza ceasefire: Implications for UK investors and financial advisers

Sahar Nazir explores how geopolitical tensions and resolutions impact UK investors

Sahar Nazir
clock 27 January 2025 • 4 min read