Net flows continued to improve for wealth manager Brooks Macdonald in the second quarter which ended on 31 December.

Wealth manager Brooks Macdonald reported a 2.2% increase in funds under management (FUM) for the quarter ending 30 September.

Wealth manager Brooks Macdonald has reported rapid growth in profits and funds under management for the year ended 30 June as recent acquisitions helped deliver strong results.

Standard Life Aberdeen has hired Brooks Macdonald CEO Caroline Connellan to be the new chief executive of its personal wealth division which includes Financial Planning business 1825.