Brooks Macdonald suffers market hit amid ongoing acquisitions Investing Brooks Macdonald suffered from a significant investment and market loss over the last quarter as the firm continued to integrate its various financial acquisitions. While funds under management and administration at the asset manager did swell seven per cent over the quarter, this was due to £1.6bn added through acquisitions of financial planning firm Lucas [...]
Brooks Macdonald to move off AIM as firm eyes further growth Investing Brooks Macdonald is set to ditch AIM for the London Stock Exchange’s main market as the asset manager looks to enhance its profile and drive growth. In a trading update, the asset manager said that the move would enhance its “corporate profile,” as well as extend the “opportunity to own its ordinary shares to a [...]
Exclusive: Brooks Macdonald makes senior layoffs Investing Brooks Macdonald has laid off a number of senior staff, including the firm’s global head of distribution, in a bid to save costs, Morning Wire can reveal. The redundancies from the asset manager were described by one former employee as “pretty brutal”, having occurred in the months before Christmas. The layoffs first seem to have [...]
Brooks Macdonald blames Budget speculation for poor performance October 16, 2024 Wealth manager Brooks Macdonald has blamed uncertainty around the upcoming Budget for investors pulling £100m from its business over the last three months. In a quarterly trading update today, the London-listed money manager revealed that investors had pulled a total of 0.7 per cent of their assets over the most recent quarter, thanks to a [...]