Brooks Macdonald Group, a UK based wealth management group, have signed an option to acquire Levitas Investment Management Services.
As of November 2013, Levitas had assets under management (AuM) of £60.52 million. Projections have forecast a rise in AuM to £150 million by June next year and £250 million by June 2015.
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Chief Executive of Brooks Macdonald, Chris Macdonald, said: "We are very excited about the opportunity of working with Levitas. We already have the privilege of managing these funds and we believe that the potential for growth in the future is significant."
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