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May 24, 2022

Brooks Macdonald acquires Integrity Wealth Solutions

Brooks Macdonald Group is set to takeover Integrity Wealth and its subsidiary, Integrity Wealth Solutions, subject to regulatory approval.

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  • The report analyzes the APAC wealth and retail savings and investments markets. This includes affluent market size, both by number of individuals and the value of their liquid assets.
  • The affluent population grew by 5.3% in 2021 and is expected to grow at an AAGR of 4.8% between 2022 and 2026.
  • The value of liquid assets held by the affluent segment surged by 8.4% in 2021, backed by economic recovery. HNW individuals’ financial wealth grew by 12%, while mass affluent individuals’ wealth grew by 6.0%.
  • The report provides an analysis of factors driving liquid asset growth. It is also split into asset classes - equities, mutual funds, deposits, and bonds.
  • The affluent population are more risk-tolerant and invest a significant proportion of their investments in risky assets such as equities, compared to emerging affluent and mass market individuals.
The report also provides data and insights on the size of offshore holding of HNW investors in the APAC region.
by GlobalData
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The deal, whose financial details were not revealed, will be funded through existing financial resources, Brooks Macdonald said.

The consideration will be paid in two tranches, with an element linked to a three-year growth target.

Nuneaton-based Integrity Wealth Solutions is an independent financial adviser (IFA) firm with around 800 clients and funds under management (FuM) of approximately £250m.

The firm focuses on advising business owners, high-net-worth (HNW) individuals and their families across the country, especially in Warwickshire, West Midlands and Leicestershire area.

The addition of Integrity Wealth Solutions is expected to bolster Brooks Macdonald’s Private Clients business.

Brooks Macdonald CEO Andrew Shepherd said: “An integral part of our proposition is to offer successful IFA partners like Integrity Wealth Solutions 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.”

Integrity Wealth Solutions managing director Martin Lindsey will continue to lead the firm while taking up the role of senior financial planning director and head of Advice at Brooks Macdonald.

The deal will have no impact on the firm’s clients, who will benefit from Brooks Macdonald over time.

Integrity Wealth Solutions managing director Martin Lindsey said: “We have been successful in growing Integrity Wealth Solutions at pace, providing high-quality financial advice to our clients.

“Having found success as an independent firm, we are excited at the opportunity to benefit from the support and infrastructure of a larger company, one that matches our unwavering commitment to delivering value for our clients, and one where we believe we can continue to build our capabilities for the future. I am delighted that we have found such a firm in Brooks Macdonald, and we are very pleased to be joining the Group.”

Free Report
img

Analyze opportunies within the wealth management market in APAC

GlobalData’s ‘Asia-Pacific Wealth Management: Market Sizing and Opportunities to 2026’ report provides a comprehensive overview of the Asia-Pacific (APAC) wealth management market.
  • The report analyzes the APAC wealth and retail savings and investments markets. This includes affluent market size, both by number of individuals and the value of their liquid assets.
  • The affluent population grew by 5.3% in 2021 and is expected to grow at an AAGR of 4.8% between 2022 and 2026.
  • The value of liquid assets held by the affluent segment surged by 8.4% in 2021, backed by economic recovery. HNW individuals’ financial wealth grew by 12%, while mass affluent individuals’ wealth grew by 6.0%.
  • The report provides an analysis of factors driving liquid asset growth. It is also split into asset classes - equities, mutual funds, deposits, and bonds.
  • The affluent population are more risk-tolerant and invest a significant proportion of their investments in risky assets such as equities, compared to emerging affluent and mass market individuals.
The report also provides data and insights on the size of offshore holding of HNW investors in the APAC region.
by GlobalData
Enter your details here to receive your free Report.

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