Brooks Macdonald (GB:BRK) has released an update.
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Brooks Macdonald Group plc has announced the strategic acquisition of LIFT-Financial Group Ltd and LIFT-Invest for a potential total of £45 million, aiming to expand client reach and enhance growth in Financial Planning. The purchase, which awaits regulatory approval and is expected to complete by March 2025, is predicted to be earnings accretive in its first year. With LIFT’s £1.6 billion assets under advice and expertise in wealth management and financial services, this acquisition promises to significantly bolster Brooks Macdonald’s financial planning capabilities.
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