Brooks Macdonald Group has acquired Lucas Fettes Financial Planning to enhance its financial planning capabilities and expand client reach in East Anglia, subject to regulatory approval.

Target Information

Brooks Macdonald Group is excited to announce its acquisition of Lucas Fettes Financial Planning, a renowned financial planning firm based in Norwich. This award-winning company manages approximately £890 million in assets under advice (AUA) spread across a diverse clientele of 1,600 personal clients and an additional £300 million in 'Assets under Influence' from over 300 corporate and employee benefits clients. Lucas Fettes has experienced remarkable growth in its AUA over the past five years, positioning itself as a strong player in the financial planning sector.

Following the acquisition, Lucas Fettes will be integrated into Brooks Macdonald’s Direct Wealth division, which will significantly enhance the Group's financial planning capabilities. The acquisition also represents an opportunity to expand Brooks Macdonald’s presence in East Anglia, an area with substantial growth potential.

Industry Overview

The financial planning industry in the United Kingdom continues to evolve, driven by changes in consumer expectations and regulatory developments. As more individuals seek holistic financial advice tailored to their personal circumstanc