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Brooks Macdonald stung by £100m outflows as Budget looms

Wealth Management

Wealth Management Correspondent

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Brooks Macdonald has failed to reverse a tide of outflows in the first quarter as uncertainty around the impending Budget dented investor confidence.

Investors yanked an additional £100m from the London wealth firm in the three months to 30 September, according to a 16 October trading update.

CEO says investor confidence dented by worries about potential Budget tax hike

Kristen McGachey

Investing

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