Brooks Macdonald enjoys 8% revenue boost from acquisitions

FUM up 4.3%

Brooks Macdonald has posted an 8% rise to its revenues, up to £63.6m in the six months to 31 December 2023.

In its half-year results published today (7 March), the wealth manager attributed the increase to higher financial planning revenues, following acquisitions in the first half of 2023, alongside "transactional and net interest income". Brooks Macdonald names co-CIOs after Edward Park exit Over the six months, the company's funds under management grew to a record £17.6bn - a 4.3% increase from June 2023. Private clients FUMA reached £5.2bn over the six months, comprising £4.4bn from the portfolios within Brooks' investment management division and around £800m from third-party portfol...