Brooks Macdonald FY26 slides: record assets, net flows turn positive

Brooks Macdonald Group reported its FY26 results on September 3, 2026, showcasing record assets under management and positive net flows after a two-year business transformation. The UK wealth manager's FUMA reached £21.7 billion, up 14% YoY, with £22.5 billion in assets under advice. Net flows improved to £226 million, marking the first positive net inflows since 2023.

The company's shares climbed 1.7% to $1,495, trading at a P/E ratio of 33.19. CEO Andrea Montague highlighted the strategic progress, stating the business transformation is delivering results and capturing market opportunities. Revenue grew 6% to £118.1 million, with financial planning income surging 10% to £28.6 million. Underlying profit before tax stayed flat at £29.0 million, but earnings per share increased 6% to 137.9 pence.

The company's dividend per share rose to 83.0 pence, maintaining a 21-year streak of increases. Record assets grew across multiple categories, driven by strong market performance and a 17% increase in total FUMA to £19.3 billion, led by the Platform Managed Portfolio Service (35% surge to £8.0 billion). Net inflows of £622 million reversed a previous £396 million outflow in FY25, with the second half of FY26 contributing £224 million.

The PMPS led inflows with a 15% annualized growth rate, while BPS net outflows improved by 50% compared to FY25. Strong investment performance, product enhancements, and a distribution strategy targeting quality financial advisers contributed to the net inflows. Revenue growth came from fee income and financial planning income, with fee income rising to £74.4 million and financial planning income surging to £28.6 million.