Fund Under Management growth for Brooks Macdonald

Wednesday 21 October 2020

Brooks Macdonald International has grown its Funds Under Management by 3.9% over the last quarter, to stand in excess of £1.6billion.

The company, which has offices in Guernsey and Jersey, said its strong performance was driven by positive net flows combined with good investment performance.

According to its figures, published last week, a further £1bn of FUM is still to come from the acquisition of Lloyds' Channel Islands wealth management and funds business, expected to complete later this year.

Overall, the figures show that the total group FUM at the end of September was £13.7bn.

"The first quarter of our financial year has been extremely positive for the International business and I am particularly pleased with the strong investment performance we have provided our clients over the period," said CEO of Brooks Macdonald International, Andrew Shepherd. "We continue to be focused on reinvigorating the business in the Channel Islands, including through our Lloyds acquisition which will add further to these strong figures. 

“This update should give us further confidence in what the future holds and in our vision for Brooks Macdonald International to be the leading investment manager for trustees and advisers.”

Pictured top: CEO of Brooks Macdonald International, Andrew Shepherd.