An update from Brooks Macdonald ( (GB:BRK) ) is now available.
Brooks Macdonald Group plc has successfully completed the acquisition of LIFT-Financial Group Limited and LIFT-Invest, expanding its assets under advice by approximately £1.6 billion and adding around 1,350 clients. This acquisition strengthens Brooks Macdonald’s Financial Planning business, now managing around £6.4 billion in assets, and aims to drive further growth under the leadership of Michael Holden, the new Chief Executive of Financial Planning. This strategic move reflects Brooks Macdonald’s commitment to growth and excellence, aligning with LIFT’s values and enhancing its industry positioning.
More about Brooks Macdonald
Brooks Macdonald Group plc is a leading UK-based provider of wealth management services, operating independently since 1991 and publicly traded on AIM since 2005. The company offers a broad range of customized investment solutions, including Managed Portfolio Service (MPS) and bespoke income solutions, aimed at delivering consistent investment performance to meet clients’ financial objectives. Brooks Macdonald is known for its innovative approach within the industry and plans to transition from AIM to the Main Market of the London Stock Exchange by March 2025.
YTD Price Performance: -11.64%
Average Trading Volume: 45,265
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £238.1M
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