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Channel Islands acquisition boosts Brooks Macdonald’s profits

News Team, 11/03/2021

Caroline Connellan, BM's chief executive

Brooks Macdonald increased its statutory pre-tax profits by 84.1 percent to £14.1 million in the first half of 2021.

In H1 2020, the figure was £7.7 million.

The wealth manager said this increase was largely due to exceptional gains related to the acquisition of Lloyds Banking Group’s Channel Islands funds and wealth management business, which completed in November....


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