Full Year Results 

Brooks Macdonald's organic growth weakens

Brooks Macdonald's organic growth weakens

Unsurprisingly, the rate at which Brooks Macdonald (BRK) gained new business slowed last year as macroeconomic uncertainty encouraged circumspection among retail investors. Net new business of £409m was equivalent to 3.3 per cent of opening assets, behind the double-digit organic growth historically recorded by the wealth manager. Nevertheless, pre-tax profits were ahead of consensus market expectations.

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