First Quarter FUMA Update
Brooks Macdonald Group PLC announced a 3% increase in total Funds Under Management and Advice (FUMA) to £19.7 billion for the first quarter of 2026. Total Funds Under Management (FUM) reached £17.3 billion, comprising £8.7 billion in Bespoke Portfolio Service (BPS) and £7.4 billion in Managed Portfolio Service (MPS). Assets under advice totaled £5.3 billion, including £2.4 billion in Advised only assets. The Group experienced net outflows of £49 million, an improvement from the £111 million net outflows in Q1 2025. Net BPS outflows were £157 million, while Platform MPS saw net inflows of £175 million, representing an annualised growth rate of 12%. Market and investment performance contributed £0.7 billion during the quarter.
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Brooks Macdonald Group plc ("Brooks Macdonald" or the "Group") today announces flows and funds under management and advice ("FUMA") for the three months ("quarter" or "Q1") ended 30 September 2025.
Andrea Montague, CEO of Brooks Macdonald, commented:
"Total FUMA increased by 3% in the quarter led by positive investment performance to £19.7 billion. Q1 net outflows of £49 million improved by over 50% compared to Q1 2025, with Platform MPS delivering its strongest quarter of net inflows in over two years.
"We are continuing to execute against our 'Reignite Growth' strategy - enhancing client service, broadening client reach and driving efficiencies."
Q1 2026 flows and FUMA
- Total FUMA increased by 3% to £19.7 billion (30 June 2025: £19.2 billion).
- Of this, total funds under management ("FUM") were £17.3 billion (30 June 2025: £16.6 billion) including Bespoke Portfolio Service ("BPS") of £8.7 billion, up 2%, and Managed Portfolio Service ("MPS") of £7.4 billion, up 7%, in the quarter.
- Total assets under advice were £5.3 billion (30 June 2025: £5.3 billion), of which £2.4 billion are Advised only assets.
- Net outflows of £49 million represent an improvement of over 50% compared to the prior period (Q1 2025 net outflows of £111 million).
- Net BPS outflows of £157 million were an 11% improvement on Q1 2025. The improvement was principally driven by lower gross outflows across BPS Core.
- Platform MPS delivered continued strong net inflows of £175 million, representing annualised growth rate of 12%.
- Market and investment performance contributed £0.7 billion in the quarter.
Annual General Meeting ("AGM") and Q2 2026 FUMA update
- The AGM will be held on 28 October 2025 at our London head office at 21 Lombard Street, London EC3V 9AH. Instructions on how to attend and vote electronically are set out in the Notice of AGM, available on our website.
- Q2 FUMA update for the period ended 31 December 2025 will be published on 15 January 2026.
| Advised only assets [5] | 2,577 | 2,425 |
| Total FUMA [6] | 19,202 | 19,744 |
Net flows by service for the quarters ended 30 September 2025 (Q1 26), 30 June 2025 (Q4 25) and 30 September 2024 (Q1 25) (£m)
| Gross inflows | Gross outflows | Organic net flows | |||||||
|---|---|---|---|---|---|---|---|---|---|
| Q1 25 | Q4 25 | Q1 26 | Q1 25 | Q4 25 | Q1 26 | Q1 25 | Q4 25 | Q1 26 | |
| BPS | 160 | 176 | 145 | (336) | (280) | (302) | (176) | (104) | (157) |
| MPS Custody | 14 | 9 | 7 | (40) | (39) | (42) | (26) | (30) | (35) |
| MPS Platform [3] | 311 | 546 | 511 | (169) | (381) | (336) | 142 | 165 | 175 |
| Total MPS | 325 | 555 | 518 | (209) | (420) | (378) | 116 | 135 | 140 |
| Funds | 43 | 40 | 30 | (94) | (76) | (62) | (51) | (36) | (32) |
| Total FUM [4] | 528 | 771 | 693 | (639) | (776) | (742) | (111) | (5) | (49) |
Notes:
[2] FUM growth is defined as the change in FUM over the period as a percentage of opening FUM.
[3] MPS Platform includes Brooks Macdonald Investment Solutions, the Group's business to business offering for financial advisers.
[4] Total FUM includes £2.9 billion of assets (30 June 2025: £2.6 billion) that are both advised and managed by the Group and £1.4 billion of Direct Wealth assets (30 June 2025: £1.4 billion).
[5] Advised only assets excludes assets under advice which are also invested and managed in a Brooks Macdonald proposition.
[6] Total FUMA includes £5.3 billion of assets under advice (30 June 2025: £5.3 billion).
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