Brooks Macdonald (BM) produced another set of good results in the six-month period ending 31 December 2020.
Its pre-tax profit margin sat at a healthy 25.1 percent, driven by stronger revenue, tighter cost control, and two key acquisitions it has made last year: Cornelian Asset Management (completed February 2020) and Lloyds Bank’s Channel Islands wealth and fund management business (completed November).
Assets under management reached a "record" £15.5 billlion.
However perhaps partly due to a focus on deals over the last two years, the firm’s organic net business had suffered – a matter addressed in it...