Brooks Macdonald

Sold property business

Join original six DFMs added in March

Further investments in risk management

'Will help changing role of adviser'

Some commentary 'pretty alarmist'

Replaced by Caroline Connellan from HSBC UK wealth

Parento clients given access to DFM

Includes asset management and funds arms

Will improve profitability over medium term

Brooks Macdonald has seen an increase in its funds under management over its financial third quarter, driven by new discretionary business.