Wealth manager and Financial Planner Brooks Macdonald said its total funds under management and advice (FUMA) climbed by 5% to £20.1bn in the last six months, up from £19.1bn at the end of June 2025.
Of that total, funds under management were £17.8bn and advised only assets were £2.3bn.
The firm published the figures today in half-year results for the six months to 31 December 2025, prompting CEO Andrea Montague to say the business has “good momentum.”
It said there were net inflows of £2m during the period, the first half year of positive net flows since the second six months of 2023. In the first half of 2025 it recorded net outflows of £262m.
Revenue increased in the six months by 12% to £58.2m, which the firm said was supported by higher financial planning and fee income and partly offset by lower interest and transactional income.
Total underlying costs at the business increased by 3% to £45.4m, excluding acquisitions and net finance income. Overall underlying costs, including acquisitions, increased by 20%, compared to the £37.8m of underlying costs in the first half of the year.
Brooks’ underlying profit before tax was said to be £13.6m, representing a margin of 23.4%. Its statutory profit before tax was £6.2m, half the £12.6m recorded in the first half. That lower figure “reflects higher organic investment, M&A and integration costs”, the firm said.
It has recommended an interim dividend of 31.0 pence per share, up 3%.
Andrea Montague, CEO of Brooks Macdonald, said: “Today’s results demonstrate we have good momentum across the business starting with positive net flows and better revenues.
“We’ve established Brooks Financial and completed the integration creating a scalable, whole of market Financial Planning capability. We’ve made deliberate investments in the business to drive sustainable growth and I’m confident our capability in investment management and distribution positions us for the future.”
She said the business has made deliberate investments in areas such as digital capability, AI and product innovation and launched digital developments including the launch of the Brooks Macdonald mobile app and improved onboarding of clients through digitisation.
The company said it has been deploying AI “to reduce administrative burden which will free capacity to spend more time serving clients.”
Brooks Macdonald has been striving to recover after being hit by net outflows in 2023 and cutting 10% of staff. It said the cuts from its 512-strong workforce were designed to ensure it was, “set up for success, organised to deliver its strategy and drive growth.”
In July 2025 Brooks Macdonald launched a new Financial Planning brand - Brooks Financial. It said the brand was launched to recognise the growing scale of Brooks Macdonald’s Financial Planning business following the acquisitions of LIFT-Financial, Lucas Fettes and CST.
Andrea Montague took over as CEO of Brooks Macdonald on 1 October 2024, since which time it has made several acquisitions.
In 2025 the firm completed the acquisition of Chartered Financial Planners LIFT-Financial Group Limited and LIFT-Invest for £45m, Welsh Chartered Financial Planning firm CST Wealth Management for an undisclosed sum and £890m AUA Norwich-based Lucas Fettes Financial Planning.