Buy
Sell
Share Name Share Symbol Market Type Share ISIN Share Description
Brooks Macdonald Group Plc LSE:BRK London Ordinary Share GB00B067N833 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.0% 2,190.00 2,100.00 2,140.00 72 09:50:07
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
General Financial 118.2 25.1 125.3 17.5 355

Brooks Macdonald Group PLC Quarterly Announcement of Funds Under Management

14/07/2022 7:00am

UK Regulatory (RNS & others)


Brooks Macdonald (LSE:BRK)
Historical Stock Chart


From Jun 2022 to Dec 2022

Click Here for more Brooks Macdonald Charts.

TIDMBRK

RNS Number : 4108S

Brooks Macdonald Group PLC

14 July 2022

14 July 2022

BROOKS MACDONALD GROUP PLC

Trading Update and Quarterly Announcement of Funds under Management

Notice of Full Year results

"Strong positive net flows in Q4, up to an annualised rate of 6.7%"

Brooks Macdonald Group plc ("Brooks Macdonald" or the "Group") today publishes a trading update and its quarterly announcement of Funds under Management ("FUM") for the fourth quarter of its financial year ended 30 June 2022.

Trading Update

The Group had a positive fourth quarter, benefiting from its strong client and intermediary relationships and resilient business model. The Group anticipates full year results in line with market expectations, adjusted for recent market movements .

While the pipeline for FY23 is strong, conversion times continue to be affected by ongoing market uncertainty.

Quarterly Announcement of Funds under Management

The Group recorded positive net flows in the quarter of GBP0.3bn or 1.7%, an annualised rate of 6.7%. This was offset by declining global markets, resulting in an overall 5.9% reduction in the Group's closing FUM to GBP15.7bn (31 March 2022: GBP16.7bn). Highlights in the quarter included:

-- UKIM Discretionary delivered net inflows in the quarter of GBP0.3 billion, corresponding to annualised net flows of 10.8%. Platform MPS and BMIS continued to build momentum, with combined annualised net flows of 45.6% for the quarter.

-- Investment performance for the quarter delivered an FUM reduction of GBP1.3bn or 7.6%, in line with the MSCI PIMFA Private Investor Balanced Index.

During the financial year ended 30 June 2022, the Group achieved positive net flows of GBP0.8bn or 4.8%, representing an upswing of GBP1.1bn from the net flows recorded in FY21. This was offset by the market downturn, leading to an overall decrease in the Group's closing FUM of 4.8% from the start of the financial year (30 June 2021: GBP16.5bn).

Andrew Shepherd, CEO of Brooks Macdonald commented:

"I am delighted to report our fifth consecutive quarter of positive net flows, bringing our net flows rate up to 6.7% on an annualised basis. This demonstrates sustained momentum and the robustness of our business model. Against the backdrop of declining markets, it is more important than ever to stay connected with our clients and intermediaries, and I am proud of how our people have made a difference for them and helped deliver such strong results."

Analysis of fund flows by service over the period

 
                               Quarter to 30 June 2022 (GBPm) 
                        Opening     Organic      Investment     Closing    Organic    Total 
                          FUM       net new      performance      FUM      net new     mvmt 
                        1 Apr 22    business    in the period    30 Jun    business 
                                                                   22 
                      ----------  ----------  ---------------  --------  ----------  ------- 
 BPS                       9,325           1            (745)     8,581          -%   (8.0)% 
                      ----------  ----------  ---------------  --------  ----------  ------- 
 MPS                       2,895         330            (212)     3,013       11.4%     4.1% 
                      ----------  ----------  ---------------  --------  ----------  ------- 
 UKIM discretionary       12,220         331            (957)    11,594        2.7%   (5.1)% 
                      ----------  ----------  ---------------  --------  ----------  ------- 
 Funds - DCF                 484        (22)             (23)       439      (4.5)%   (9.3)% 
                      ----------  ----------  ---------------  --------  ----------  ------- 
 Funds - Other             1,528         (3)            (107)     1,418      (0.2)%   (7.2)% 
                      ----------  ----------  ---------------  --------  ----------  ------- 
 Funds total               2,012        (25)            (130)     1,857      (1.2)%   (7.7)% 
                      ----------  ----------  ---------------  --------  ----------  ------- 
 UKIM total               14,232         306          (1,087)    13,451        2.2%   (5.5)% 
                      ----------  ----------  ---------------  --------  ----------  ------- 
 International             2,426        (26)            (184)     2,216      (1.1)%   (8.7)% 
                      ----------  ----------  ---------------  --------  ----------  ------- 
 Total                    16,658         280          (1,271)    15,667        1.7%   (5.9)% 
                      ----------  ----------  ---------------  --------  ----------  ------- 
 
 Total investment performance                                                         (7.6)% 
-----------------------------------------------------------------------  ------------------- 
 MSCI PIMFA Private Investor Balanced Index(1)                                        (7.4)% 
-----------------------------------------------------------------------  ------------------- 
 
 
                                   Twelve months to 30 June 2022 (GBPm) 
                       Opening       Organic net new business        Total    Closing     Total      Total 
                         FUM                                          Inv.      FUM      organic      mvmt 
                                                                     Perf.               net new 
                                                                                         business 
                      --------  ---------------------------------  --------  --------  ----------  -------- 
                        1 Jul     Q1     Q2     Q3     Q4   Total             30 Jun 
                          21                                                     22 
                      --------  ------  -----  -----  ----  -----  --------  --------  ----------  -------- 
 BPS                     9,460       6     51     30     1     88     (967)     8,581        0.9%    (9.3)% 
                      --------  ------  -----  -----  ----  -----  --------  --------  ----------  -------- 
 MPS                     2,411     162    156    181   330    829     (227)     3,013       34.4%     25.0% 
                      --------  ------  -----  -----  ----  -----  --------  --------  ----------  -------- 
 UKIM discretionary     11,871     168    207    211   331    917   (1,194)    11,594        7.7%    (2.3)% 
                      --------  ------  -----  -----  ----  -----  --------  --------  ----------  -------- 
 Funds - 
  DCF                      478    (11)      2   (15)  (22)   (46)         7       439      (9.6)%    (8.2)% 
                      --------  ------  -----  -----  ----  -----  --------  --------  ----------  -------- 
 Funds - 
  Other                  1,598    (15)   (23)   (20)   (3)   (60)     (120)     1,418      (3.8)%   (11.3)% 
                      --------  ------  -----  -----  ----  -----  --------  --------  ----------  -------- 
 Funds total             2,076    (26)   (21)   (35)  (25)  (106)     (113)     1,857      (5.1)%   (10.6)% 
                      --------  ------  -----  -----  ----  -----  --------  --------  ----------  -------- 
 UKIM total             13,947     142    186    176   306    810   (1,307)    13,451        5.8%      3.6% 
                      --------  ------  -----  -----  ----  -----  --------  --------  ----------  -------- 
 International           2,512    (14)     12      3  (26)   (25)     (271)     2,216      (1.0)%   (11.8)% 
                      --------  ------  -----  -----  ----  -----  --------  --------  ----------  -------- 
 Total                  16,459     128    198    179   280    785   (1,578)    15,667        4.8%    (4.8)% 
                      --------  ------  -----  -----  ----  -----  --------  --------  ----------  -------- 
 
  Total investment performance                                                                       (9.6)% 
-------------------------------------------------------------------------------------  -------------------- 
  MSCI PIMFA Private Investor Balanced Index(1)                                                      (6.3)% 
-------------------------------------------------------------------------------------  -------------------- 
 

(1) Capital-only index.

Notice of Full Year results

The Group intends to issue its preliminary statement of full year results for the year ended 30 June 2022 on Thursday 15 September 2022.

Enquiries to:

 
 Brooks Macdonald Group plc                             www.brooksmacdonald.com 
  Andrew Shepherd, CEO                                            020 7659 3492 
  Ben Thorpe, Chief Financial Officer 
 Peel Hunt LLP (Nominated Adviser and 
  Broker) 
  Paul Shackleton / Andrew Buchanan / John 
  Welch                                                           020 7418 8900 
 FTI Consulting                               brooksmacdonald@fticonsulting.com 
  Edward Berry / Laura Ewart / Katherine                   07703 330199 / 07711 
  Bell                                                    387085 / 07976 870961 
 

Notes to editors

Brooks Macdonald Group plc, through its various subsidiaries, provides leading investment management services in the UK and internationally. The Group, which was founded in 1991 and began trading on AIM in 2005, had discretionary Funds under Management of GBP15.7 billion as at 30 June 2022.

Brooks Macdonald offers a range of investment management services to private high net worth individuals, pension funds, institutions, charities and trusts. The Group also provides financial planning as well as international investment management, and acts as fund manager to a range of onshore and international funds.

The Group has fourteen offices across the UK and Crown Dependencies including London, Birmingham, Cheltenham, East Anglia, Exeter, Leeds, Manchester, Southampton, Tunbridge Wells, Scotland, Wales, Jersey, Guernsey and Isle of Man.

LEI: 213800WRDF8LB8MIEX37

www.brooksmacdonald.com / @BrooksMacdonald

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

TSTGPUCCMUPPGRW

(END) Dow Jones Newswires

July 14, 2022 02:00 ET (06:00 GMT)

1 Year Brooks Macdonald Chart

1 Year Brooks Macdonald Chart

1 Month Brooks Macdonald Chart

1 Month Brooks Macdonald Chart
Your Recent History
LSE
BRK
Brooks Mac..
Register now to watch these stocks streaming on the ADVFN Monitor.

Monitor lets you view up to 110 of your favourite stocks at once and is completely free to use.

Log in to ADVFN
Register Now

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

P: V:gb D:20221205 12:26:55