Fourth Quarter FUMA Update

Brooks Macdonald Group PLC

09 July 2026

 

9 July 2026

BROOKS MACDONALD GROUP PLC

Fourth Quarter FUMA Update

Strategy delivers improvement in net flows of more than £600m in FY26 vs FY25

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 2026 ("FY26").

Andrea Montague, CEO of Brooks Macdonald, commented:

"Our fourth-quarter net flows mark our strongest performance in three years. Our strategy is delivering with FY26 net flows improving by more than £600 million vs FY25. We are now seeing the tangible benefits of the hard work of our colleagues across the business through disciplined execution, stronger relationships with advisers, and continued growth in financial planning.

Our growth will continue to be fuelled by client demand, our broad range of propositions and strong investment performance. I am excited about the future for Brooks Macdonald, our clients, advisers, and shareholders."

Q4 & FY26 Flows and FUMA 

·    The significant turnaround in net inflows to £226 million for FY26 compared to net outflows of £396 million in FY25 demonstrates the success of our Reignite Growth strategy.

·    Q4 net inflows of £167 million represents our strongest quarter in the year and is our third consecutive quarter of increasingly positive net flows.

o  BPS gross inflows and outflows both improved significantly producing net outflows of just £20 million (Q3 26: net outflows £132 million); a direct result of our sustained focus on client and financial adviser engagement across the regions.

o  Platform MPS ("PMPS") continued to grow strongly with net inflows of £272 million (Q3 26: net inflows of £281 million), equivalent to annualised growth rate of 15%. Gross inflows were broadly spread across PMPS & Brooks Macdonald Strategic Partnerships ("BMSP", formerly "BMIS"), our business to business offering for financial advisers, with increasing flows into our recently launched Modelled Retirement Strategy and Global MPS offerings.

·    Total FUMA increased to £21.7 billion (30 June 2025: £19.1 billion).

o  Of this, total funds under management ("FUM") were £19.3 billion (30 June 2025: £16.5 billion).

§ PMPS FUM increased by 35% to £8.0 billion at FY26 compared to FY25, supported by strong flows momentum and investment and market performance.

§ BPS FUM increased by 9% to £9.3 billion at FY26 and the number of clients with portfolios >£1m increased by 15% compared to FY25, reflecting our success in serving clients with larger investment pots and more complex needs.

o  Assets under Advice within Brooks Financial increased to £5.7 billion (FY25: £5.3 billion)

§ Assets both advised and managed grew by 20% to £3.3 billion, representing 58% of AuA (51% at FY25). This reflects strong organic growth in the first full-year following the acquisitions in our now fully integrated financial planning business.  

§ Advised only assets were £2.4 billion (30 June 2025: £2.6 billion).

·    Market and investment performance contributed £1.5 billion in the quarter and £2.5 billion over the year, reflecting the strength of the Group's investment strategy in generally positive global markets.

·    In light of the evolving regulatory environment⁸ and reflecting our continuing commitment to deliver clarity and value to our clients, we will no longer charge fees on cash in our discretionary funds with effect from 1 July 2026.  Cash represents an immaterial share of our discretionary portfolios and is principally held for liquidity purposes to facilitate the active management of the portfolio.  We will continue to pay interest earned on cash.  The change in policy is expected to be immaterial in relation to the group's future financial performance.

Outlook and notice of full-year 2026 results

·    The Board anticipates the full year 2026 financial performance to be in line with market expectations.  

·    Results for the full year ended 30 June 2026 will be announced on 3 September 2026.

Investor enquiries

Brooks Macdonald  

Andrea Montague, CEO

Katherine Jones, CFO

Email: [e-mail]

Media enquiries                                   

Misha Bayliss                                                                          [phone]

Oscar Burnett                                                                         [phone]

Email: [e-mail]

About Brooks Macdonald

Brooks Macdonald is a leading UK wealth management firm. Founded in 1991, the firm has grown to become one of the UK's foremost wealth managers, entrusted with £22 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 June 2026 (£m):

	Opening Assets 1 Apr 26	Gross Inflows	Gross Outflows	Net flows	Market & Investment Performance	Closing Assets 30 Jun 26	FUM Growth	Annualised net flows growth
BPS	8,585	251	(271)	(20)	700	9,265	7.9%	(0.9)%
MPS Custody	862	5	(49)	(44)	80	898	4.2%	(20.4)%
MPS Platform	7,091	706	(434)	272	684	8,047	13.5%	15.3%
Total MPS	7,953	711	(483)	228	764	8,945	12.5%	11.5%
Funds	1,005	35	(76)	(41)	79	1,043	3.8%	(16.3)%
Total FUM	17,543	997	(830)	167	1,543	19,253	9.7%	3.8%
Advised Only Assets	2,359					2,416
Total FUMA	19,902					21,669

Net flows by service for the 12 months ended 30 June 2026 (£m):

	Opening Assets 1 July 25	Gross Inflows	Gross Outflows	Net flows	Market & Investment Performance	Closing Assets 30 Jun 26	FUM Growth	Annualised net flows growth
BPS	8,528	941	(1,304)	(363)	1,100	9,265	8.6%	(4.3)%
MPS Custody	906	29	(181)	(152)	144	898	(0.8)%	(16.8)%
MPS Platform	5,983	2,537	(1,622)	915	1,149	8,047	34.5%	15.3%
Total MPS	6,889	2,566	(1,803)	763	1,293	8,945	29.9%	11.1%
Funds	1,084	137	(311)	(174)	133	1,043	(3.8)%	(16.1)%
Total FUM	16,501	3,644	(3,418)	226	2,526	19,253	16.7%	1.4%
Advised Only Assets	2,577					2,416
Total FUMA	19,078					21,669

Net flows by service for the quarters ended 30 June 2025 (Q4 25), 30 September 2025 (Q1 26), 31 December 2025 (Q2 26), 31 March 2026 (Q3 26) and 30 June 2026 (Q4 26):

	Gross inflows					Gross outflows					Net flows
	Q4 25	Q1 26	Q2 26	Q3 26	Q4 26	Q4 25	Q1 26	Q2 26	Q3 26	Q4 26	Q4 25	Q1 26	Q2 26	Q3 26	Q4 26
BPS	176	145	345	200	251	(280)	(302)	(399)	(332)	(271)	(104)	(157)	(54)	(132)	(20)
MPS Custody	9	7	9	8	5	(39)	(42)	(47)	(43)	(49)	(30)	(35)	(38)	(35)	(44)
MPS Platforms	546	511	575	745	706	(381)	(336)	(388)	(464)	(434)	165	175	187	281	272
Total MPS	555	518	584	753	711	(420)	(378)	(435)	(507)	(483)	135	140	149	246	228
Funds	40	30	31	41	35	(76)	(62)	(76)	(97)	(76)	(36)	(32)	(45)	(56)	(41)
Total FUM	771	693	960	994	997	(776)	(742)	(910)	(936)	(830)	(5)	(49)	50	58	167

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 BMSP, 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.

5. Total FUM includes £3.3 billion of assets (31 March 2026: £3.0 billion) that are both advised and managed by the Group and £1.8 billion of Direct Wealth assets (31 March 2026: £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 £5.7 billion of AuA (31 March 2026: £5.3 billion).

8. The FCA published a consultation on client cash held in investment portfolios

https://www.fca.org.uk/publications/consultation-papers/cp26-24-simplifying-consumer-investment-disclosures

·    The Company also confirms that it has today issued a supplementary note to the Group's annual report and financial statements for the year ended 30 June 2025. The note corrects the list of subsidiaries of the Company set out in such financial statements to include LIFT-Financial Group Limited. The supplementary note is available for download from the Company's website at www.brooksmacdonald.com and, in accordance with UK Listing Rule 6.4.1R, an electronic copy of the supplementary note has been submitted to the Financial Conduct Authority via the National Storage Mechanism at: https://data.fca.org.uk/#/nsm/nationalstoragemechanism

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.

 

END