Brooks Macdonald plans to acquire LIFT Financial Group for up to £45m to expand its UK financial planning services.

Brooks Macdonald Group Plc plans to acquire LIFT Financial Group Ltd and LIFT-Invest for up to £45 million, with an initial cash payment of £30 million. The deal, aimed at enhancing Brooks Macdonald's financial planning services in the UK, is expected to complete by March 2025, pending regulatory approval. LIFT manages approximately £1.6 billion in assets and serves around 1,400 clients, contributing to anticipated earnings growth for Brooks Macdonald.

October 08, 2024
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