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BRK Brooks Macdonald Group Plc

1,655.00
0.00 (0.00%)
Last Updated: 09:20:32
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Brooks Macdonald Group Plc LSE:BRK London Ordinary Share GB00B067N833 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 1,655.00 1,650.00 1,695.00 498 09:20:32
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Mgmt Invt Offices, Open-end -52.92M -64.45M -3.9041 -4.24 273.21M

Brooks Macdonald Group PLC Acquisition of CST Wealth Management

05/11/2024 9:00am

RNS Non-Regulatory


RNS Number : 9852K
Brooks Macdonald Group PLC
05 November 2024
 


Press release

 

 

Brooks Macdonald announces the acquisition of CST Wealth Management to continue growth in financial planning

 

LONDON, CARDIFF, 5 November 2024 - Brooks Macdonald, a leading wealth management firm, today announces the acquisition of CST Wealth Management, the Chartered financial planning firm based in Wales.

 

CST Wealth Management's assets under advice (AuA) are c. £170 million and have a high-quality base of c.500 clients. In addition to financial planning for individuals, CST offers financial planning for businesses.

 

The acquisition adds to Brooks Macdonald's growing offering in Wales, with the CST team well known to the firm. CST represents a strategic and cultural fit to Brooks Macdonald, aligned with the Group's strategy to expand client reach and accelerate growth in financial planning. It follows the recent acquisitions of LIFT-Financial and Lucas Fettes Financial Planning.

 

Andrea Montague, Chief Executive of Brooks Macdonald, said:

 

"CST Wealth Management is well known to our Cardiff team for their excellent client service. We are delighted to welcome them to Brooks Macdonald as we increase our offering in Wales and grow our presence in financial planning, aligned with our strategy to reignite growth."

 

Gwyn Williams, Director of CST Wealth Management, said:

 

"We are pleased to be joining Brooks Macdonald, which has a great reputation and shares many of the values that have driven our success to date. We look forward to becoming part of the BM team and to the benefits it will bring to our clients."

 

- Ends -

Enquiries to:

 

Katherine Bell, FTI Consulting

Katherine.bell@fticonsulting.com

07976 870961

 

About Brooks Macdonald

 

Brooks Macdonald is one of the UK's leading wealth management firms, recognised for investment performance and client service. The company offers leading multi asset investment services to intermediaries and high-quality financial planning advice to private clients, benefitting from a strong local presence across the UK.

 

Brooks Macdonald Group plc was founded in 1991, began trading on AIM in 2005, and had discretionary FUM of £17.9 billion as of 30 September 2024.

 

 

 

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