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 Investing 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 [...]
Brooks Macdonald buys financial advisor amid takeover rumours October 8, 2024 Brooks Macdonald has bought independent financial advisor LIFT in a deal worth up to £45m, as takeover rumours swirl around the group. LIFT has £1.6bn in assets under advice, with £600m of this being funds under management. The firm is headquartered in Greater Manchester, with offices in London and Edinburgh, and has around 1,400 clients, [...]
RM Funds poaches Brooks Macdonald fund mandate September 5, 2024 RM Funds, best known for its shareholding in embattled investment trust Home REIT, has won the mandate for the £146.6m Brooks Macdonald Defensive Capital fund. The Defensive Capital fund, which will be renamed as the RM Defence Capital fund, was launched in 2010. It is built as an all-weather return fund with low volatility through [...]
Brooks Macdonald faces continued outflows as takeover rumours swirl July 17, 2024 Brooks Macdonald investors pulled £154m from the asset manager over the last three months, despite analyst expectations of net inflows, as the company struggles with rumours of a potential takeover attempt.
Brooks Macdonald outflows surge to £300m as cost-cutting pays off April 17, 2024 Investors in Brooks Macdonald pulled £300m from the asset manager's funds last quarter, much higher than previous months.
Brooks Macdonald: Wealth manager puts ‘behind plan’ international arm under review March 7, 2024 Wealth manager Brooks Macdonald said the decision was being made "in the interests of achieving the best return for shareholders".
City fund managers bleed assets in last quarter of 2023 January 17, 2024 Liontrust Asset Management, Rathbones and Brooks Macdonald all suffered outflows over the fourth quarter of the year, the firms revealed in stock exchange notices today.