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Brooks Macdonald is a trading name of Brooks Macdonald Group plc. which has been operating in various forms since 1991. The firm is UK-centric with offices also in Jersey and Guernsey.
Brooks Macdonald has made a concerted effort to ‘go international’. Synchronously, (perhaps a coincidence, although we think not) the Financial Conduct Authority has brought into force in the UK the Retail Distribution Review, “a key part of [their] consumer protection strategy”.
The company now has entities not only in Guernsey and Jersey but elsewhere, for instance Brooks Macdonald Asset Management (International) Limited regulated by the South African Financial Services Board and acquired in 2014.
Assets under management have passed £8 billion since acquisitions including Brooks Macdonald (International) and Levitas Investment Management Services.
Brooks Macdonald services the international market from their Channel Islands base, working with professional advisers, trustees and private clients around the world.
Brooks Macdonald angle their international offering towards advisers, as opposed to marketing it directly to individual retail clients.
The UK discretionary fund management service now claims to be fee-based and not product focussed. Their domestic specialities include divorce, Tier 1 Visas and Court of Protection awards.
The International Bespoke Portfolio Service is offered to offshore advisers, and managers offer a range of portfolio components - from single companies and unit trusts to UCITS, fixed interest securities, exchange-traded funds and structured products.
Brooks Macdonald International DFM service offering comprises of the International Bespoke Portfolio Service (BPS), International Managed Portfolio Service (MPS), Multi-Asset Funds (MAF), and Single Strategy Solutions.
The International Bespoke Portfolio Service is designed for clients with a minimum of £200,000 (or currency equivalent) to invest, who want an individual investment portfolio constructed to meet their specific requirements.
It is available in sterling, euros and US dollars.
BPS portfolios are managed by dedicated investment managers operating in teams. Each team is led by an investment team director, and supported by Brooks Macdonald’s investment and asset allocation committees.
The portfolios are run in line with Brooks Macdonald’s centralised investment process.
The International Managed Portfolio Service is a multi-asset investment solution, which provides a choice of six risk-rated model portfolios.
It is available to those with £20,000 or more to invest.
Each model portfolio is designed to suit differing investment objectives associated with your attitude to risk, by investing in collective investment schemes and ETFs with exposure across a wide spectrum of asset classes.
The International MPS portfolios are managed centrally by a dedicated team of investment managers, supported by Brooks MacDonald’s investment and asset allocation committees, and centralised investment process.
The International MPS have been designed to provide an investment solution for professional advisers authorised to give financial advice to clients.
Advisers can choose from and recommend one or more of the following strategies; Fixed Income, Defensive, Cautious Balance, Balanced, Growth and High Growth.
Brooks Macdonald’s Multi-Asset Fund (MAF) range allows investors to gain access to their discretionary management expertise and proven centralised investment process through a pooled fund solution, otherwise known as a collective investment scheme.
This entails investment in one of their four multi asset funds which are sub-funds of the IFSL Brooks Macdonald Fund, and which are provided by Investment Fund Services Limited, managed and distributed by Brooks Macdonald Funds Limited.
The solutions are available in sterling, euros, US dollars and Singapore dollars.
Options to select from are Defensive Income, Cautious Growth, Balanced and Strategic Growth.
Brooks Macdonald’s offer two single strategy investment solutions that invest in traditional Fixed Income or Direct Equity.
The Corporate Bond Strategy invests in a well-diversified portfolio of largely single-A and triple-B investment grade bond issues.
The portfolio aims to provide positive total returns, and offers the option of either taking or reinvesting income. These are segregated portfolios and are available in sterling, euros and US dollars.
The Direct Equity Strategy is structured to provide capital appreciation and income growth over the medium-to-long term, by directly investing in a portfolio of high quality stocks whose selection criteria is sustainable, resilient and growing earnings.
I was introduced to Brooks Macdonald via my IFA - it wasn't a name I was familiar with before - that's not to say it isn't a good company, just, not one I'd heard of. I was fairly happy with my portfolio and it's general performance - but then i got a second opinion after googling around for more info about Brooks Macdonald in general. The review from AES showed me the commission my adviser took and it's left a bit of a sour taste. I cant say I'm wholly annoyed, just, well, there wasn't complete transparency like I thought...
Hence the review title - I am a bit conflicted...need to consider my options as laid out in my X-Ray review.