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Brooks Macdonald ( (GB:BRK) ) has shared an update.
Brooks Macdonald Group plc has completed the acquisition of LIFT-Financial Group Limited and LIFT-Invest, adding approximately £1.6bn in assets under advice and around 1,350 clients to its portfolio. This strategic acquisition enhances Brooks Macdonald’s financial planning business to a total of £6.4bn in assets under advice, supported by a team of around 90 advisers and paraplanners. The move is aimed at driving growth with Michael Holden, LIFT’s co-founder, assuming a pivotal role as Chief Executive of Financial Planning. This acquisition aligns with Brooks Macdonald’s strategy to expand its services and reinforces its commitment to excellence in financial planning.
More about Brooks Macdonald
Brooks Macdonald Group plc is a prominent UK-based wealth management services provider, operating since 1991 and publicly traded on AIM since 2005. The company offers a diverse range of investment solutions tailored to clients’ financial objectives, including Managed Portfolio Services and bespoke income solutions. Brooks Macdonald is recognized for its innovation in the industry and plans to transition its listing from AIM to the Main Market of the London Stock Exchange in March 2025.
YTD Price Performance: -11.64%
Average Trading Volume: 45,265
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £238.1M
Find detailed analytics on BRK stock on TipRanks’ Stock Analysis page.
