Third Quarter FY26 FUMA Update

About this update from Brooks Macdonald Group Plc

  15 April 2026   BROOKS MACDONALD GROUP PLC Third Quarter FUMA Update Brooks Macdonald Group plc ("Brooks Macdonald" or the "Group") today announces flows and funds under management and advice ("FUMA") for the third quarter of its 2026 financial year. All statements in this release relate to the period from 1 January 2026 to 31 March 2026 ("quarter" or "Q3") unless otherwise stated.   Andrea Montague, CEO of Brooks Macdonald, commented: "I am pleased to report another quarter of positive net flows, with strong momentum in Platform MPS and continued improvement in BPS outflows. Our strategy to 'Reignite Growth' is delivering. Our targeted distribution coupled with our strong long-term investment performance are building real momentum across the breadth of our products and services. Brooks Financial continues to demonstrate the value of our investment in financial planning, serving more clients and driving net flows. The wealth management sector continues to offer attractive growth opportunities. We remain focused on the execution of our strategy to deliver long-term sustainable returns."   Q3 flows and FUMA   ·    Total FUMA of £19.9 billion (31 December 2025: £20.1 billion, 30 June 2025: £19.1 billion) reflecting net inflows of £58 million, and £301 million of adverse market and investment movements. -  Of this, total FUM was £17.5 billion (31 December 2025: £17.8 billion) including BPS of £8.6 billion, and MPS of £8.0 billion. -  Total assets under advice ("AuA") were £5.3 billion (31 December 2025: £5.3 billion), of which £2.4 billion were Advised only assets. ·    Q3 net inflows of £58 million represent a material improvement compared to net outflows of £129 million in Q3 2025, and the second successive quarter of positive net flows. -  Net BPS outflows improved by almost 40% vs Q3 2025 to £132 million (Q3 2025: net outflows of £211 million), with both higher gross inflows and lower gross outflows. We have seen a broad-based improvement across the regions following our sustained focus on client engagement and strengthening distribution momentum over the past 18 months. -  Platform MPS continued to deliver strong net inflows of £281 million, equivalent to an annualised net flows growth rate of 16%. This reflects improved net inflows across Platform MPS and Brooks Macdonald Investment Solutions ("BMIS"), our business to business offering for financial advisers, as well as encouraging net inflows in our recently launched Platform Retirement Strategy and Global MPS offering. ·    The negative market and investment performance of £0.3 billion in the quarter reflects the challenging macroeconomic conditions. Our long-term investment performance remains strong.     Outlook and upcoming results Notwithstanding the inherent market uncertainty posed by ongoing global macroeconomic and geopolitical tensions, the full year 2026 financial performance remains in line with the Board's previous expectations. The fourth quarter FUMA update will be published on 9 July 2026 and the Financial Results for the year ending 30 June 2026 will be announced on 3 September 2026.   Investor enquiries Brooks Macdonald   Andrea Montague, CEO Katherine Jones, CFO Eva Hatfield, Director of Investor Relations                           +44 (0) 7418 923 061 Email: [email protected]   Teneo, media enquiries                                    Misha Bayliss                                                                          +44 (0) 20 74275465 Oscar Burnett                                                                         +44 (0) 20 74275435 Email: [email protected]   About Brooks Macdonald Brooks Macdonald is a leading UK investment management firm. Founded in 1991, the firm has grown to become one of the UK's foremost wealth managers, entrusted with £20 billion in client assets. With 35 years of experience, Brooks Macdonald and Brooks Financial, its financial planning group, support financial advisers and individuals through a comprehensive range of innovative, specialist investment solutions, tailored financial advice and strong investment performance.     Net flows by service for the 3 months ended 31 March 2026 (£m)   Opening assets 1 Jan 26 Gross inflows Gross outflows Net flows Market and investment performance Closing assets 31 Mar 26 FUM growth 1 Annualised net flows growth 2 BPS 8,889 200 (332) (132) (172) 8,585 (3.4)% (5.9)% MPS Custody 905 8 (43) (35) (8) 862 (4.8)% (15.5)% MPS Platform 3 6,908 745 (464) 281 (98) 7,091 2.6% 16.3% Total MPS 7,813 753 (507) 246 (106) 7,953 1.8% 12.6% Funds 4 1,085 41 (97) (56) (24) 1,005 (7.4)% (20.6)% Total FUM 4,5 17,786 994 (936) 58 (301) 17,543 (1.4)% 1.3% Advised only assets 6 2,320 2,359 1.7%   Total FUMA 4,7 20,106     19,902 (1.0)%     Net flows by service for the nine months ended 31 March 2026 (£m)   Opening assets 1 Jul 25 Gross inflows Gross outflows Net flows Market and investment performance Closing assets 31 Mar 26 FUM growth 1 Annualised net flows growth 2 BPS 8,528 690 (1,033) (343) 400 8,585 0.7% (5.4)% MPS Custody 906 24 (132) (108) 64 862 (4.9)% (15.9)% MPS Platform 3 5,983 1,831 (1,188) 643 465 7,091 18.5% 14.3% Total MPS 6,889 1,855 (1,320) 535 529 7,953 15.4% 10.4% Funds 4 1,084 102 (235) (133) 54 1,005 (7.3)% (16.2)% Total FUM 4,5 16,501 2,647 (2,588) 59 983 17,543 6.3% 0.5% Advised only assets 6 2,577 2,359 (8.5)%   Total FUMA 4,7 19,078     19,902 4.3%     Net flows by service for the quarters ended 31 March 2026 (Q3 26), 31 December 2025 (Q2 26), 30 September 2025 (Q1 26) and 31 March 2025 (Q3 25) (£m)   Gross inflows Gross outflows Organic net flows Q3 25 Q1 26 Q2 26 Q3 26 Q3 25 Q1 26 Q2 26 Q3 26 Q3 25 Q1 26 Q2 26 Q3 26 BPS 148 145 345 200 (359) (302) (399) (332) (211) (157) (54) (132) MPS Custody 13 7 9 8 (40) (42) (47) (43) (27) (35) (38) (35) MPS Platform 3 508 511 575 745 (360) (336) (388) (464) 148 175 187 281 Total MPS 521 518 584 753 (400) (378) (435) (507) 121 140 149 246 Funds 4 42 30 31 41 (81) (62) (76) (97) (39) (32) (45) (56) Total 5 711 693 960 994 (840) (742) (910) (936) (129) (49) 50 58   Notes: Totals are subject to rounding. 1. FUM growth is defined as the change in FUM over the period as a percentage of opening FUM. 2. The net flows growth is defined as annualised net flows as a percentage of opening FUM, for the relevant period. 3. MPS Platform includes BMIS, the Group's business to business offering for financial advisers. 4. On 8 December 2025, two TM Brunsdon funds, managed by Brooks Macdonald Asset Management Limited ("BMAM") on behalf of Brunsdon Financial, were merged with two IFSL Magnus funds, and BMAM ceased to act as their investment manager. The earlier periods have been amended accordingly to reflect the funds' liquidation. Prior to their liquidation, net outflows across both funds in the second quarter added to £0.1 million, which have also been excluded from the reported Funds net flows. Over the past four quarters, combined FUM across the two funds averaged £128 million, with combined average quarterly net outflows of £0.1 million. 5. Total FUM includes £3.0 billion of assets (31 December 2025: £3.0 billion) that are both advised and managed by the Group and £1.6 billion of Direct Wealth assets (31 December 2025: £1.6 billion). 6. Advised only assets are invested and managed by third parties and, as such, are excluded from assets under advice which are also invested and managed in a Brooks Macdonald proposition. 7. Total FUMA includes £5.3 billion of AuA (31 December 2025: £5.3 billion).   Forward-looking statements This announcement may include statements, beliefs or opinions that are, or may be deemed to be, "forward-looking statements". These forward-looking statements may be identified by the use of forward-looking terminology, including the terms "believes", "estimates", "plans", "projects", "anticipates", "targets", "aims", "continues", "expects", "intends", "hopes", "may", "will", "would", "could" or "should" or, in each case, their negative or other variations or comparable terminology, or by discussions of strategy, plans, objectives, goals, future events or intentions. No representation or warranty is made that any of these statements or forecasts will come to pass or that any forecast results will be achieved. Forward-looking statements may and often do differ materially from actual results. Any forward-looking statements contained in the announcement speak only as of their respective dates, reflect Brooks Macdonald's current view with respect to future events and are subject to risks relating to future events and other risks, uncertainties and assumptions relating to Brooks Macdonald's business, results of operations, financial position, liquidity, prospects, growth and strategies. Except as required by any applicable law or regulation, Brooks Macdonald expressly disclaims any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements contained in this announcement or any other forward-looking statements it may make whether as a result of new information, future developments or otherwise.    

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