Brooks Macdonald has completed the acquisition of Norwich-based firm Lucas Fettes Financial Planning.
Lucas Fettes has £890m assets under advice, spread across 1,600 personal clients, plus £300m assets under influence from 300 corporate and employee benefits clients.
The business has seen significant growth in AUA in the last five years.
Lucas Fettes has been integrated into Brooks Macdonald’s Direct Wealth business and will enhance the Group’s financial-planning capability.
In 1996, Lucas Fettes was one of the first IFAs to outsource part of their investment management to Brooks Macdonald and the relationship has continued ever since.
Brooks Macdonald CEO, Andrea Montague, said: “I’m excited to formally welcome our new colleagues into the Group expanding our expertise in financial planning to serve more clients across the UK.”
Lucas Fettes managing director Mark Brown said: “We are delighted to have joined Brooks Macdonald and look forward to supporting future growth as part of their developing high-quality financial planning division.”
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