Brooks Macdonald has partnered with Family Business United (FBU) to provide financial wellbeing support to UK family businesses and their employees.
This partnership makes Brooks Macdonald FBU’s financial wellbeing partner across the UK.
FBU is a membership organisation that represents over 250 family businesses in the UK with turnovers of up to £400m.
Its mission is to “champion and act as the voice for all family businesses, this includes aspects of their financial and business planning”.
Brooks Macdonald will support FBU members in a range of services such as financial planning and investment management, alongside access to knowledge, advice, research and insights. FBU will also be providing a financial education programme and networking opportunity across the UK.
Brooks Macdonald head of UK private clients said: “We are delighted to partner with Family Business United. Running a business, can often be all encompassing, both physically and emotionally, so we want to ensure that their own finances are one less thing to worry about.
“We have extensive experience of working with family businesses and are committed to supporting them. It’s a wonderful sector, employing vast numbers of people and creating a significant contribution to UK plc.
“Through this partnership, we will be able to provide valuable resources and support to help FBU members achieve their financial goals.”
FBU chief executive Paul Andrews added: “We are excited to partner with Brooks Macdonald. Brooks Macdonald has a deep understanding of the challenges and opportunities when working within a family business. We believe that this partnership will be a valuable resource for our members.”
In July 2023, Brooks Macdonald named Louis Petherick as its new group chief risk officer, with effect from 4 September.
He joins Brooks Macdonald from FNZ UK, where he is chief risk officer.
The appointment is subject to regulatory approval.
Reporting to chief executive Andrew Shepherd, Petherick will lead the group risk, investment risk, compliance and financial crime functions. He will also join the firm’s executive committee.
Brooks Macdonald has £16.8bn in funds under management (FUM).
