Brooks Macdonald Group plc - Acquisition of Integrity Wealth Solutions Limited

Brooks Macdonald Group plc (“the Group”, “Brooks Macdonald”) today announces, subject to regulatory approval, the acquisition of Integrity Wealth (Holdings) Limited together with its subsidiary, Integrity Wealth Solutions Limited, a successful and rapidly growing Independent Financial Adviser (“IFA”) firm with funds under management of c£250m and c800 clients. 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.

Based in Nuneaton, Integrity Wealth Solutions is a firm of forward thinking independent financial consultants who specialise in advising business owners, high net worth individuals and their families across the country, with the heartland in the Warwickshire, West Midlands and Leicestershire area.

Integrity Wealth Solutions will bring scale, capability and management expertise to Brooks Macdonald’s Private Clients business, as well as giving deeper insight into the products and services a high-quality, growing IFA firm values from a discretionary fund manager.

Managing Director Martin Lindsey will continue to lead the team at Integrity Wealth Solutions alongside 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 and, over time, will see benefits from becoming clients of a larger wealth management firm.

Martin Lindsey, Managing Director of Integrity Wealth Solutions, commented:

“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.”

Andrew Shepherd, CEO of Brooks Macdonald, commented:

“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.”

Enquiries to:

Brooks Macdonald Group plc www.brooksmacdonald.com - 020 7659 3492

Andrew Shepherd, CEO

Ben Thorpe, Chief Financial Officer

Peel Hunt LLP (Nominated Adviser and Broker) - 020 7418 8900

Rishi Shah / Andrew Buchanan / John Welch

FTI Consulting [email protected]

Ed Berry / Laura Ewart / Katherine Bell - 07703 330199 / 07711 387085 / 07976 870961

Notes to editors

Brooks Macdonald Group plc, through its various subsidiaries, provides leading investment management services in the UK and internationally. The Group, which was founded in 1991 and began trading on AIM in 2005, had discretionary Funds under Management of £16.7 billion as at 31 March 2022.

Brooks Macdonald offers a range of investment management services to private high net worth individuals, pension funds, institutions, charities and trusts. The Group also provides financial planning as well as international investment management, and acts as fund manager to a range of onshore and international funds.

The Group has fourteen offices across the UK and Crown Dependencies: London, Birmingham, Cheltenham, East Anglia, Exeter, Leeds, Manchester, Southampton, Tunbridge Wells, Scotland, Wales, Jersey, Guernsey and Isle of Man.

LEI: 213800WRDF8LB8MIEX37

www.brooksmacdonald.com / @BrooksMacdonald

We are a firm of forward thinking Independent Financial Consultants who specialise in advising business owners, high net worth individuals and higher rate taxpayers across the country, but particularly in the Warwickshire, West Midlands and Leicestershire area.

By getting to really know you, we will ascertain and help to build your financial plan and demonstrate if you are on target to achieve your goals, across a number of scenarios. Being independent we research the whole of the market to find the perfect solutions for you, whilst taking into account your appetite for risk and considering how we can mitigate any tax.

Our experienced consultants are supported by our highly qualified administrative and technical departments, ensuring you receive the highest possible level of service.

We invest in and utilise the most advanced technologies to demonstrate where you are in relation to your goals, with regular contact and reviews to help keep you on track.

Our team of highly experienced Independent Financial Consultants are supported by dedicated teams of professional Financial Paraplanners and Client Account Executives, all of whom are routinely supported by our inhouse Compliance and Continuous Professional Improvement unit, providing multiple lines of assurance for our clients who are trusting us with their savings, investments and financial portfolios.

In addition to this we employ an external independent compliance service (details of which are available upon request) as well as being directly authorised by the Financial Conduct Authority.

We have an internal investment committee with over 100 years’ combined advisory experience that monitor and recommend changes, where necessary, to ensure our clients’ funds remain invested in a suitable and efficient manner.

Initial Consultation

This meeting, which is at no cost to you, helps to outline your financial goals and plans, we discuss your situation, our proposition and agree our next steps.

Discovery Meeting

Here, we ascertain your goals and where you are in relation to these goals in detail, using state-of-the-art yet consumer-friendly cash-flow modelling. Examples of the areas covered are; retirement age(s)/exit strategies, income requirements, investment goals and risk profiling.

Research

Our consultants, working alongside our administrative and technical departments, review your existing provisions in relation to your financial goals, whilst researching the whole marketplace for the optimum solutions and outcomes. A highly bespoke report, detailing our recommendations, is then produced.

Presentation Meeting

Our consultants review and discuss your recommendation report with you, ensuring you are comfortable with, and have a full understanding of the advice provided. If required, we will complete all relevant documentation with you, ensuring the whole process is as simple and streamlined for you as possible.   

Implementation

Your designated client account executive will submit all documentation/applications and liaise with providers on your behalf, keeping you regularly informed throughout the entire process.

Ongoing Due Diligence

Our Investment Committee (with over 100 years’ combined experience), constantly review our clients’ investment solutions, to ensure they remain appropriate and optimised. As truly independent consultants, we regularly meet with existing and new product providers to ensure that our clients are benefitting from the right solutions, at the right time. And of course, working closely with our strong professional accountancy and legal connections, we keep up to date with changes (and potential changes) in tax and legislation.

Review Meeting

We stay in touch and meet with you regularly to ascertain any changes in your personal circumstances or financial objectives (current or potential). Using this information, we adjust your planning and cash-flow modelling to ensure you remain on track. 

Alongside our wider financial market insights and global investments perspective, however, is a fidelity to our local community.

As a regional firm, we not only know our clients personally, but we live alongside them day-to-day, with many clients becoming dear friends with their financial advisory teams, sharing common interests and mutual allegiances to sports teams, professional associations, local charities and community interest groups.

We share the heartbeat of our local community and understand the challenges affecting both individuals and businesses in the Coventry, Warwickshire and Leicestershire area as it affects us, our business, our families and our investments too, just as it does for our clients.

For more information or to speak to an Integrity Wealth Solutions Independent Financial Consultant, please call us 02476 388911 or email [email protected]