Latest news with #BrooksMacdonald
Yahoo
2 days ago
- Business
- Yahoo
Brooks Macdonald offers retirement strategies to meet rising demand
Investment management firm Brooks Macdonald has launched a suite of retirement investment solutions designed to help financial advisers meet the increasingly complex needs of clients preparing for or living through retirement. The new Retirement Strategies offering is built around the rising demand for hybrid products that blend sustainable income with long-term growth, while allowing for individualised needs and varying levels of financial complexity. The firm's new approach introduces three distinct solutions: Bespoke, Tailored, and Modelled, aimed at delivering flexibility and transparency in an area often marked by confusion and risk. Andrea Montague, CEO of Brooks Macdonald stated: 'We are delighted to launch Brooks Macdonald Retirement Strategies for our valued IFAs and their clients who want retirement investment options not met by products currently available in the market. We have listened carefully to clients' needs and have developed a product which aims to provide financial peace of mind in retirement." The Bespoke strategy is a personalised solution designed for clients with more complex financial needs, such as fluctuating income requirements or specific portfolio growth preferences. Moreover, the Tailored option offers a cost-effective solution for clients with simpler needs, delivered through a single account at a lower management fee. Meanwhile, the Modelled strategy targets scalability and efficiency, allowing advisers to select from various platforms and withdrawal rates that best suit a client's risk profile and income expectations. One of the key challenges addressed by the new strategies is the management of sequencing risk, the danger that poorly timed withdrawals can harm long-term investment outcomes. Brooks Macdonald aims to mitigate this risk by allocating investments into three time-based "buckets": 0–1 Year: Cash reserves for immediate income needs 1–7 Years: Fixed maturity investments for medium-term income 7+ Years: Diversified portfolios targeting long-term capital growth This structure allows for a more stable income stream while maintaining long-term growth potential, offering a clear and methodical approach to drawdown planning. The firm believes this model will resonate with advisers and clients alike, particularly as the UK faces a rapidly ageing population and a growing interest in flexible retirement options. According to industry forecasts, the number of income drawdown plans is expected to rise by 20% over the next five years, with more than half of Defined Contribution pension holders showing strong interest in solutions that mix short-term income with long-term investing. Neil Cowell, Group Distribution Director at Brooks Macdonald added: 'Planning for retirement brings growing complexity, from the changing regulatory environment to the management of multiple pension pots and inheritance tax considerations. A quarter of the UK population is set to be over sixty-five within the next fifteen years, and the need for flexible retirement planning has never been greater. These are the reasons why the 91% of people in the UK who currently don't take financial advice2, should speak to an expert.' Brooks Macdonald's Retirement Strategies will now be available to financial advisers across the UK. "Brooks Macdonald offers retirement strategies to meet rising demand" was originally created and published by Private Banker International, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
17-03-2025
- Business
- Yahoo
Brooks Macdonald expands Scotland team with three hires
UK-based wealth manager Brooks Macdonald Group has expanded its Scotland operations by hiring three investment professionals from RBC Brewin Dolphin, set to join on 1 July 2025. Stephen Martin, Alan Riddell, and Vicky Drysdale will join as senior investment managers and head of advisor solutions for Scotland, at Brooks Macdonald, respectively. The trio have over 25 years of investment management experience. Martin latterly held the position of head of office and divisional director at RBC Brewin Dolphin in Glasgow, where he managed accounts for Private Clients, Trusts, and Charities. Riddell was also a divisional director at RBC Brewin Dolphin, catering to a diverse clientele including individuals, families, trusts, pension funds, as well as charities. Drysdale was a divisional director and headed the intermediary team at RBC Brewin Dolphin. Brooks Macdonald CEO Andrea Montague said: 'Brooks Macdonald is delighted to welcome Stephen, Alan, and Vicky in July to our team to build on our long standing and valued relationships with Independent Financial Advisors and clients.' Brooks Macdonald has been serving clients since 1991. It has been publicly traded on AIM since 2005. Last month, Brooks Macdonald finalised the sale of its international division, Brooks Macdonald Asset Management (International) Limited (BMI), to Canaccord Genuity Wealth Management in a transaction valued up to £50.85m ($65.75m). Announced in September 2024, the deal comprises an upfront payment of £28m ($36.2m), with an additional £22.85m ($29.5m) dependent on performance over the next two years. "Brooks Macdonald expands Scotland team with three hires" was originally created and published by Private Banker International, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
