Brooks Macdonald

Brooks Macdonald has recorded a “significant improvement” in its net flows, with inflows of £54m as outflows from its private client business narrowed to £53m. The wealth manager’s net inflows for the three months to 30 September compare with net outflows of £49m

Cornelian Asset Managers has been sold to Brooks Macdonald for a fee of up to £39 million. It was revealed in a stockmarket announcement, that Brooks Macdonald has acquired 100% of Cornelian's issued share capital from its shareholders, including senior management.