Second Quarter FUMA Update

Brooks Macdonald Group PLC

15 January 2026

 

15 January 2026

BROOKS MACDONALD GROUP PLC

Second 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 ended 31 December 2025 (the "quarter" or "Q2").

Andrea Montague, CEO of Brooks Macdonald, commented:

"I am delighted to announce a return to positive net flows in the quarter, highlighting the improving trend delivered in recent quarters, and strong investment performance lifting FUMA to £20.1 billion. 

We are committed to building on this positive momentum as we execute our 'Reignite Growth' strategy."

Q2 2026 flows and FUMA  

·    Total FUMA increased by 3% to £20.1 billion (30 September 2025: £19.6 billion; 30 June 2025: £19.1 billion).

-  Of this, total funds under management ("FUM") were £17.8 billion (30 September 2025: £17.2 billion) including Bespoke Portfolio Service ("BPS") of £8.9 billion, up 2% in the quarter, and Managed Portfolio Service ("MPS") of £7.8 billion, up 6% in the quarter.

-  Total assets under advice were £5.3 billion (30 September 2025: £5.3 billion), of which £2.3 billion are Advised only assets.

·    Net inflows of £50 million represent an improvement compared to the prior period (Q2 2025 net outflows of £151 million) and the first quarter of positive net flows since FY 2023. 

-  Net BPS outflows of £54 million improved by over 75% vs Q2 2025, principally driven by higher gross inflows into our Core BPS offering, as well as net inflows across our Gilts proposition.

-  Platform MPS achieved another quarter of strong net inflows of £187 million, representing annualised growth rate of 12%. Net flows in Q2 benefited from continued strong demand for our MPS offering, including Brooks Macdonald Investment Solutions ("BMIS"), our business to business offering for financial advisers.

·    Market and investment performance contributed £0.5 billion in the quarter.

Notice of Half-year 2026 results

Half-year results for the six months ended 31 December 2025 will be published on 24 February 2026.

Investor enquiries

Brooks Macdonald  

Andrea Montague, CEO

Katherine Jones, CFO

Eva Hatfield, Director of Investor Relations                           [phone]

Email: [e-mail]

Media enquiries                                   

Misha Bayliss                                                                          [phone]

Oscar Burnett                                                                         [phone]

Email: [e-mail]

About Brooks Macdonald

Brooks Macdonald Group plc is a leading UK-focused wealth manager.

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 Group 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.

Net flows by service for the 3 months ended 31 December 2025 (£m)

	Opening assets 1 Oct 25	Gross inflows	Gross outflows	Net flows	Market and investment performance	Closing assets 31 Dec 25	Annualised net flows growth1	FUM growth2
BPS	8,716	345	(399)	(54)	227	8,889	(2.5)%	2.0%
MPS Custody	911	9	(47)	(38)	32	905	(16.8)%	(0.7)%
MPS Platform3	6,463	575	(388)	187	258	6,908	11.6%	6.9%
Total MPS	7,374	584	(435)	149	290	7,813	8.1%	6.0%
Funds4	1,097	31	(76)	(45)	32	1,085	(16.3)%	(1.2)%
Total FUM4,5	17,187	960	(910)	50	549	17,786	1.2%	3.5%
Advised only assets6	2,425					2,320
Total FUMA4,7	19,612					20,106

Net flows by service for the quarters ended 31 December 2025 (Q2 26), 30 September 2025 (Q1 26) and 31 December 2024 (Q2 25) (£m)

	Gross inflows			Gross outflows			Organic net flows
	Q2 25	Q1 26	Q2 26	Q2 25	Q1 26	Q2 26	Q2 25	Q1 26	Q2 26
BPS	166	145	345	(398)	(302)	(399)	(232)	(157)	(54)
MPS Custody	12	7	9	(38)	(42)	(47)	(26)	(35)	(38)
MPS Platform3	317	511	575	(171)	(336)	(388)	146	175	187
Total MPS	329	518	584	(209)	(378)	(435)	120	140	149
Funds4	83	30	31	(123)	(62)	(76)	(39)	(32)	(45)
Total5	578	693	960	(729)	(742)	(910)	(151)	(49)	50

Notes:

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

2. FUM growth is defined as the change in FUM over the period as a percentage of opening FUM.

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.  As at 30 September 2025, the Brunsdon funds held a combined £132 million of assets. This amount has been removed from the Group's opening FUM balance as of 1 October 2025, and earlier periods have been amended accordingly to reflect the funds' liquidation. Prior to their liquidation, net outflows across both funds in the 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 (30 September 2025: £2.9 billion) that are both advised and managed by the Group and £1.6 billion of Direct Wealth assets (30 September 2025: £1.4 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 assets under advice (30 September 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.

 

END