First Quarter FUMA Update
Q1 net inflows £54m, fourth consecutive quarter positive, total FUMA £21.8bn.
vs expectations: significantly improved versus prior year
- Q1 net inflows £54 million
- Total FUMA £21.8 billion (prior £21.7 billion)
- Total FUM £19.5 billion (prior £19.3 billion)
- Platform MPS net inflows £172 million (prior £175 million)
- BPS net outflows £53 million (prior £157 million)
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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 2026.
Andrea Montague, CEO of Brooks Macdonald, commented:
"Four consecutive quarters of positive net inflows show that our Reignite Growth strategy is delivering. Stronger adviser relationships, disciplined execution, and continued growth in financial planning are accelerating our progress.
We have invested in our regional presence with new investment managers and financial planners. The modernisation of our MPS range makes it simpler for advisers and clients to work with us.
This is a positive start to the year, and we are focused on building on that momentum."
Q1 Flows and FUMA
o Q1 net inflows of £54 million represents our fourth consecutive quarter of positive net inflows, despite the seasonally slower summer, and a significant improvement vs prior year (Q1'26 net outflows: £49 million)
o BPS net outflows of £53 million are approximately two thirds better than the prior year (Q1'26: £157 million), with improvements across both gross inflows and gross outflows, reflecting the benefits of our strengthened regional presence, our focus on high net worth clients and client service.
o Platform MPS continues to generate strong net inflows of £172 million (Q1'26: £175 million).
o Total FUMA increased to £21.8 billion (30 June 2026: £21.7 billion).
o Of this, total funds under management ("FUM") were £19.5 billion (30 June 2026: £19.3 billion).
o Of Brooks Financial's Assets under Advice of £5.7bn, 59% is both advised and managed at Q1, compared to 58% at FY26, demonstrating the benefits of our investment in our integrated financial planning business. Advised only assets were £2.4 billion (30 June 2026: £2.4 billion).
o Market and investment performance contributed £0.2 billion of Q1 FUM growth.
| Advised Only Assets | 2,416 | 2,350 |
| Total FUMA | 21,669 | 21,822 |
Net flows by service for the quarters ended 30 September 2025 (Q1 26), 31 December 2025 (Q2 26), 31 March 2026 (Q3 26), 30 June 2026 (Q4 26) and 30 September 2026 (Q1 27):
| Gross inflows | Gross outflows | Organic net flows | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Q1 26 | Q2 26 | Q3 26 | Q4 26 | Q1 27 | Q1 26 | Q2 26 | Q3 26 | Q4 26 | Q1 27 | Q1 26 | Q2 26 | Q3 26 | Q4 26 | Q1 27 | |
| BPS | 145 | 345 | 200 | 251 | 225 | (302) | (399) | (332) | (271) | (278) | (157) | (54) | (132) | (20) | (53) |
| MPS Custody | 7 | 9 | 8 | 5 | 6 | (42) | (47) | (43) | (49) | (34) | (35) | (38) | (35) | (44) | (28) |
| MPS Platforms | 330 | 381 | 507 | 498 | 450 | (155) | (194) | (226) | (226) | (278) | 175 | 187 | 281 | 272 | 172 |
| Total MPS | 337 | 390 | 515 | 503 | 456 | (197) | (241) | (269) | (275) | (312) | 140 | 149 | 246 | 228 | 144 |
| Funds | 30 | 31 | 41 | 35 | 28 | (62) | (76) | (97) | (76) | (65) | (32) | (45) | (56) | (41) | (37) |
| Total flows | 512 | 766 | 756 | 789 | 709 | (561) | (716) | (698) | (622) | (655) | (49) | 50 | 58 | 167 | 54 |
Notes:
Totals are subject to rounding.
- FUM growth is defined as the change in FUM over the period as a percentage of opening FUM.
- Annualised net flows growth is defined as annualised net flows as a percentage of opening FUM, for the relevant period.
- MPS Platform includes BMSP, the Group's business to business offering for financial advisers.
- Total FUM includes £3.4 billion of assets (30 June 2026: £3.3 billion) that are both advised and managed by the Group and £1.8 billion of Direct Wealth assets (30 June 2026: £1.8 billion).
- Advised only assets are invested and managed by third parties and, as such, are excluded from assets under advice which are also invested and managed in a Brooks Macdonald proposition.
- Total FUMA includes £ 5.7 billion of AuA (30 June 2026: £5.7 billion).
- As communicated in our 2026 full year results announcement we have adopted a revised approach to the calculation of gross inflows & outflows for our PMPS proposition to more accurately reflect the underlying movements. Gross inflows and outflows for comparative periods have been restated on a consistent basis. There has been no change to net flows.
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