Brooks Macdonald Asset Management

Liontrust's Anthony Cross, one of the largest shareholders in Charles Stanley, has backed the wealth firm's decision to offload its securities arm and said the company's business review can help it gain ground on peers.

Wealth manager Brooks Macdonald expects its funds business to break even in the second half of its financial year, and will turn a profit for the first time in 2015-16.

Brooks Macdonald has launched five new risk-rated portfolios, doubling the number of strategies in its managed portfolio service (MPS).

Brooks Macdonald Asset Management has appointed Vestra Wealth's Jim Mackie as an investment management director.

Brooks Macdonald's Mark Watson has joined Morningstar as director of UK intermediary sales.

Brooks Macdonald's discretionary funds under management are nearing £7bn following positive performance and growth in net new business.

Wage inflation has been considered the missing piece in the US economic recovery. But waiting for wage rises before raising rates will be a grave policy error, argues Toby Thompson from Brooks Macdonald Funds.

Brooks Macdonald head of research Jonathan Lau has left the firm, with his role being taken over by Richard Larner.

Brooks Macdonald has grown discretionary assets under management to £6.7bn, according to its first quarter results, with new business topping £100m despite market headwinds.

Kevin Addison has joined the funds arm of Brooks Macdonald as head of sales.