Fund under management rose 7% year-on-year to £18bn for Financial Planner and wealth manager Brooks Macdonald for its financial year ended 30 June

Assets under management rose 26.9% to £17.6bn for investment manager and IFA support firm Tatton Asset Management for the year ended 31 March.

Investment platform AJ Bell has reported a 47% increase in pre-tax profit £61.4m for its first half of 2024 which ended on 31 March (HY23: £41.9m).

Wealth manager and Financial Planner Brooks Macdonald continued to see outflows for the quarter ended 31 March as investors pulled out money.