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Sunday, February 4, 2024

Brooks Macdonald to accumulate £250m Midlands IFA

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Wealth supervisor and Monetary Planner Brooks Macdonald is to accumulate Nuneaton-based Integrity Wealth (Holdings) Restricted – which has £250m in funds below administration – for an undisclosed sum.

The deal, topic to regulatory approval, will see Brooks purchase Integrity Wealth (Holdings) Restricted along with its IFA subsidiary, Integrity Wealth Options Restricted. 

Integrity Wealth Options has round 800 purchasers. 

Brooks says the acquisition will likely be funded via current monetary sources and will likely be paid in two tranches, with a component linked to a 3 12 months progress goal. 

Integrity specialises in advising enterprise homeowners, excessive internet value people and their households throughout the UK though its most important focus is on Warwickshire, the West Midlands and Leicestershire. 

Integrity Wealth Options will turn out to be a part of Brooks Macdonald’s Non-public Shoppers enterprise.

Managing director Martin Lindsey will proceed to steer the crew at Integrity Wealth Options and in addition take up a broader function in Brooks Macdonald as senior Monetary Planning director and head of recommendation. 

Brooks says that Integrity Wealth Options’ purchasers will see “no change” to their services and, over time, will see advantages from their adviser changing into half of a bigger wealth administration agency.

Martin Lindsey, managing director of Integrity Wealth Options, stated: “Having discovered success as an unbiased agency, we’re excited on the alternative to learn from the assist and infrastructure of a bigger firm, one which matches our unwavering dedication to delivering worth for our purchasers, and one the place we imagine we will proceed to construct our capabilities for the longer term.”

Andrew Shepherd, CEO of Brooks Macdonald, stated: “Martin Lindsey and his crew at Integrity Wealth Options have been valued introducers to our UK Funding Administration enterprise since they launched in 2013. It’s notably pleasing that we have now been at their aspect from their inception and have seen them turn out to be the success they’re at the moment, able to speed up that progress with Brooks Macdonald.”

Brooks Macdonald Group was based in 1991 and has discretionary Funds below Administration of £16.7 billion as at 31 March. It affords funding administration companies to non-public excessive internet value people, pension funds, establishments, charities and trusts. The group additionally offers Monetary Planning, in addition to worldwide funding administration, and acts as fund supervisor to a spread of onshore and worldwide funds. It has 14 places of work within the UK and Crown Dependencies. 




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