15th Oct 2025 16:06
(Alliance News) - Brooks Macdonald Group PLC on Wednesday reported the "strongest quarter of net inflows" in two years for Platform MPS, as it posted improved flows and funds under management and advice, or Fuma.
The London-based wealth manager reported a 2.6% increase in Fuma to GBP19.7 billion in its first quarter ended September 30, up from GBP19.2 billion in the prior quarter ended June 30.
Total funds under management advanced 4.2% to GBP17.3 billion from GBP16.6 billion, and total assets under advice remained stabled at GBP5.3 billion.
The company reported net outflows of GBP49 million for the quarter, representing a 50% improvement on GBP111 million a year prior. Brooks Macdonald said Platform MPS delivered "continued strong" net inflows of GBP175 million, equal to a 12% annualised growth rate.
The company reported net BPS outflows of GBP157 million, noting an 11% improvement on the year before and with the progress driven by lower gross outflows across BPS Core.
Shares in Brooks Macdonald edged up 0.6% to 1,745.00 pence on Wednesday afternoon in London.
"Total Fuma increased by 3% in the quarter led by positive investment performance to GBP19.7 billion. Q1 net outflows of GBP9 million improved by over 50% compared to Q1 2025, with Platform MPS delivering its strongest quarter of net inflows in over two years," said Chief Executive Andrea Montague.
"We are continuing to execute against our 'Reignite Growth' strategy - enhancing client service, broadening client reach and driving efficiencies," she continued.
By Christopher Ward, Alliance News reporter
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