Brooks Macdonald acquires Lawrence House Fund Managers

Wealth manager Brooks Macdonald Group is acquiring Canterbury-based Lawrence House Fund Managers Limited in its first acquisition since listing on Aim in 2005.

Lawrence House has about £60m of assets under management, split between one OEIC with three sub funds and a number of bespoke discretionary portfolios. These will be integrated into Brooks Macdonald Asset Management (BMAM) the group's specialist investment management arm. BMAM, established in 1991 as a subsidiary of the Brooks Macdonald Group, is a private client asset management firm focused on supporting independent intermediaries in the UK IFA market place. Lawrence House's sister company, Pharon Independent Financial Advisers Limited, is not part of the deal. The Kent-based ...