Brooks Macdonald to continue on acquisition spree, according to analyst

According to Peel Hunt, an analyst and specialist investment bank which acts as the corporate broker for Brooks Macdonald, more IFA acquisitions are looking likely for Brooks Macdonald.

The note from Peel Hunt comes after Brooks Macdonald’s purchase of Integrity Wealth, in a deal which adds over £250m of funds under management. 

Integrity and Brooks Macdonald had a close relationship before the acquisition: Peel Hunt expect that more acquisitions generated through networking and collaboration could be on the horizon.

“This acquisition highlights the opportunity for Brooks Macdonald to offer an attractive option for IFA businesses to become part of a larger group –without the need to be fully consolidated,” the analysis from Peel Hunt reads.

“We believe there are a number of IFAs with significant levels of [assets under administration] that Brooks Macdonald has existing relationships with, to whom this model could appeal.”

Brooks Macdonald’s chief executive Andrew Shepherd commented on his vision for growth in the future: “An integral part of our proposition is to offer successful IFA partners like Integrity Wealth an opportunity to become part of a larger wealth management firm, adding both scale and capability, when the time is right for them. 

“A shared culture and a focus on delivering a quality service provide a solid foundation from which to take advantage of exciting growth opportunities.”

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