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.