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27.02 - 13:09
Brooks Macdonald MPS inflows up 13% as firm sees rise in profits
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The group, which bought advice businesses Lift Financial, CST Wealth Management and Lucas Fettes during the period, said it had delivered a «solid set of results» which showed that funds under management (FUM) were up 0.7% to £15.7bn. It said gross inflows were £1.1bn and included a 13% MPS increase with net inflows of £288m and total FUM at 31 December reaching almost £5.8bn for the MPS arm. However, gross outflows were «elevated» during the period at £1.4bn «particularly in BPS, driven by the prevailing backdrop of market volatility and uncertainty leading up to the Budget affecting...
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