Brooks Macdonald has posted net flows of 0.3 per cent across its UK business in the three months to March, in what it hailed as the "best quarter of the financial year to date".
Brooks' managed portfolio service was credited for the majority of the inflows, having posted a 7.1 per cent gain.
Funds saw outflows of 3.4 per cent driven predominantly by the Defensive Capital Fund, although the firm said outflows were lower than in the previous two quarters.
In October Brooks reported £261m net outflows as investors withdrew cash from all of its services except its international proposition.
This followed a rocky financial year to June in which investors pulled £774m of cash from both its discretionary and funds arms.
Brooks' investment performance in the third quarter of its financial year was 1.1 per cent, lagging behind the 1.6 per cent posted by the MSCI PIMFA Private Investor Index.
For the financial year to date however, investment performance was 10.8 per cent, ahead of the benchmark index which was up 8.2 per cent.
Total FUM increased 0.9 per cent in the quarter, ending the period at £15.6bn.
Caroline Connellan, chief executive of Brooks Macdonald, said: “It has been another quarter of delivery against our strategy evidenced by good performance in our core UKIM business, the continued positive trend in overall net flows, and a healthy pipeline.
“This momentum is testament to our people and I am once again grateful to them for their relentless commitment to delivering for intermediaries and clients in challenging circumstances.
"We remain on track to achieve full year expectations and we are well positioned to continue delivering sustainable, value-enhancing growth."
Ruth Gillbe is a freelance reporter for FTAdviser
