Brooks Macdonald has acquired CST Wealth Management, a chartered financial planning company in Wales.
CST manages around £170m in assets for about 500 clients, offering financial planning for both individuals and businesses.
This acquisition bolsters Brooks Macdonald’s presence in Wales and aligns with its strategy to expand client reach and drive growth in financial planning.
The move follows Brooks Macdonald’s recent acquisitions of LIFT-Financial and Lucas Fettes Financial Planning.
Andrea Montague, chief executive of Brooks Macdonald, said: “CST Wealth Management is well known to our Cardiff team for their excellent client service. 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.”
Gwyn Williams, director of CST Wealth Management, added: “We are pleased to be joining Brooks Macdonald, which has a great reputation and shares many of the values that have driven our success to date. We look forward to becoming part of the BM team and to the benefits it will bring to our clients.”
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