Brooks Macdonald Group has published its latest quarterly funds under management (FUM) update and its half-year trading update for the period ending 31 December 2021.
The International business, which has offices in Jersey, Guernsey and the Isle of Man, reported an increase in FUM of 2.8% over the previous six months to stand at £2.58bn.
Organic net new business was also up 0.5% in the latest quarter, accompanied by a strong investment performance.
Meanwhile, total group FUM grew to £17.3bn in the period, an overall increase of 3.1% over the quarter and 5.3% over the half year.
This reflected increasingly positive net flows and positive investment performance. Group net flows were up 55% compared with the prior quarter.
Richard Hughes (pictured), CEO of Brooks Macdonald International, commented: “This has been a strong half year for Brooks Macdonald International. It is pleasing to see a return to positive net flows for us, as well as a rise in our FUM to reach a new record level, in a period made significant by the launch of our Isle of Man office.”
• The full group announcement can be found here