Brooks Macdonald has bought Integrity Wealth Holdings and its IFA subsidiary Integrity Wealth Solutions for an undisclosed sum.
Integrity Wealth Solutions has funds under management of around £250m and around 800 clients.
Based in Nuneaton, Integrity Wealth Solutions serves business owners, high net worth individuals and their families across the UK, with a specialism in the Warwickshire, West Midlands and Leicestershire area.
Managing director Martin Lindsey will continue to lead the team at Integrity Wealth Solutions while taking up a broader role in Brooks Macdonald as senior financial planning director and head of advice.
Integrity Wealth Solutions’ clients will see no change to their products and services. The firm is expected to bolster Brooks Macdonald’s private client arm.
The acquisition will be funded through “existing financial resources and will be paid in two tranches, with an element of the consideration linked to a three-year growth target”, Brooks Macdonald said.
Partnering with IFAs
Andrew Shepherd, chief executive of Brooks Macdonald, said: “Martin Lindsey and his team at Integrity Wealth Solutions have been valued introducers to our UK investment management business since they launched in 2013.
“It is particularly pleasing that we have been at their side from their inception and have seen them become the success they are today, ready to accelerate that progress with Brooks Macdonald.
“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. I very much look forward to welcoming everyone at Integrity Wealth Solutions to Brooks Macdonald, enabling us to go from strength to strength together.”
See also: Brooks Macdonald Female Folio network targets high net worth women
This article first appeared on our sister title International Adviser.
