Funds under management (FUM) at Brooks Macdonald declined 3.9% in the third quarter to 31 March 2022, closing the period at £16.7bn, down from £17.3bn at 31 December 2021.
According to the firm, this was due to the exacerbation of pre-existing macroeconomic difficulties by war in Ukraine. Positive net flows continued over the quarter at the group, however, ending the period at £0.2bn, in line with annualised net flows of 4.1%. FUM within its bespoke portfolio service (BPS) declined from £9.8m at January 1 2022, to £9.3m at March 31 2022. Brooks Macdonald approached controlling shareholder of 7IM for attempted takeover bid - reports Managed portfolio assets increased, from £2.8m to £2.9m. Funds across its DCF, UKIM, and International fund servic...
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