Brooks Macdonald buys financial planning firm

Acquisition adds around 500 clients

Jen Frost
clock • 2 min read

Brooks Macdonald has bought Cardiff-based financial planning business CST Wealth Management (CST).

CST has around 500 clients, with assets under advice (AuA) of around £170m. It offers financial planning for both businesses and individuals, according to a Brooks Macdonald news update. "CST Wealth Management is well known to our Cardiff team for their excellent client service," said Brooks Macdonald CEO Andrea Montague. "We are delighted to welcome them to Brooks Macdonald as we increase our offering in Wales and grow our presence in financial planning, aligned with our strategy to reignite growth." CST director Gwyn Williams said: "We are pleased to be joining Brooks Macdonald, whi...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Your Business

All the advice firm acquisitions that have taken place in 2025

All the advice firm acquisitions that have taken place in 2025

Keeping track of the ongoing consolidation of the advice industry

Professional Adviser
clock 20 January 2025 • 1 min read
Continuum reports assets rise of 23% to £2.4bn

Continuum reports assets rise of 23% to £2.4bn

Tenth consecutive year of double-digit percentage growth

Jen Frost
clock 20 January 2025 • 2 min read
Editor's view: When scams become a laughing matter

Editor's view: When scams become a laughing matter

The editor's Friday Night Takeaway from 17 January

Jen Frost
clock 17 January 2025 • 5 min read