Brooks Macdonald Group reports a 12% decrease in underlying profit before tax for the first half of 2026, totaling £13.6m. However, revenue rose by 12% to £58.2m, driven by growth in financial planning and fee income, with total funds under management and advice reaching £20.1bn.

Net inflows of £2m were recorded, marking a turnaround from previous outflows. The company announced a 3% increase in interim dividend to 31.0 pence per share. Brooks Macdonald also saw double-digit growth in managed portfolio service and continued investments in digital infrastructure and AI applications.

AI implementation resulted in £3m in annualized savings. Managed Portfolio Service assets saw ongoing growth, while bespoke portfolio net outflows were reduced by nearly 50%. The company remains focused on its ‘Reignite Growth’ strategy, with expectations of revenue patterns and costs to continue into the second half of the year.

Brooks Macdonald anticipates full-year results to meet market expectations and maintains goals for net inflows and cost growth. The company is committed to investing organically in initiatives aligned with strategic priorities and exploring financial planning M&A opportunities to support future growth.

Read more at Yahoo Finance: Brooks Macdonald eyes potential M&A despite profit dip in H1 2025