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Brooks Macdonald Group has announced half-year results for the six months up to 31 December 2021.
The results show that Brooks Macdonald International, which has offices in Jersey, Guernsey and the Isle of Man, returned to positive net funds under management flows, reflecting improved client retention and increasing inflows during the period.
The acquisition of Lloyds Banking Group's funds and wealth management business also helped increase International revenue by 55% compared to the same period last year and drove up Group revenue by 10.7% to £61.9million.
Brooks Macdonald International CEO Richard Hughes said: “These results show growing client demand for our products and services. This is a challenging time for investors and we are grateful for the trust they continue to place in us.
“We could not have delivered these results or served our clients and their professional advisers in the way we have without the commitment and dedication of our people."
At Group level, total funds under management flows reached £17.3billion, up 5.3% over the half year. There were positive and increasing net flows over the six-month period totalling £326m and a positive investment performance of 3.3%.
Mr Hughes said: "We are announcing these results against the backdrop of the human tragedy unfolding in Ukraine.
“During these troubled times, our thoughts are with those who are directly and indirectly affected, and we have made a donation towards humanitarian aid efforts in the region on behalf of the Group and BM Foundation.”
Pictured top: Brooks Macdonald International CEO Richard Hughes.
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