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An update from Brooks Macdonald ( (GB:BRK) ) is now available.
Brooks Macdonald Group plc has finalized the sale of its international asset management arm, Brooks Macdonald Asset Management (International) Limited, to Canaccord Genuity Wealth Management for an initial £28 million, with a contingent payment of up to £22.85 million. This strategic move allows Brooks Macdonald to concentrate on its core UK operations and leverage growth opportunities in the domestic market, while the international business transitions to Canaccord, enhancing their service to international clients.
More about Brooks Macdonald
Brooks Macdonald Group plc is a leading UK provider of wealth management services, known for delivering strong investment performance and offering a diverse range of products tailored to meet clients’ financial objectives. Established in 1991 and trading on AIM since 2005, the company is recognized for its innovative solutions such as Managed Portfolio Service and bespoke income solutions. Brooks Macdonald is set to move its listing to the Main Market of the London Stock Exchange in March 2025.
YTD Price Performance: -12.24%
Average Trading Volume: 49,967
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £236M
Learn more about BRK stock on TipRanks’ Stock Analysis page.
