The latest mergers, acquisitions and other corporate actions in the wealth management sector.

Brooks Macdonald
Brooks Macdonald, a wealth management firm, has aquired CST Wealth Management, a chartered financial planning firm based in Wales.

CST Wealth Management, which has assets under advice of about £170 million ($221 million), has a base of approximately 500 clients. In addition to financial planning for individuals, CST offers financial planning for businesses, the firm said in a statement.

The acquisition adds to Brooks Macdonald’s growing offering in Wales, with the CST team well known to the firm. CST represents a strategic and cultural fit to Brooks Macdonald; it is aligned with the group’s strategy to expand client reach and accelerate growth in financial planning. It follows the recent acquisitions of LIFT-Financial and Lucas Fettes Financial Planning.

"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," Andrea Montague, chief executive of Brooks Macdonald, said.

Hunters Law and Peachey & Co
Hunters Law and Peachey & Co have announced their merger to form a strengthened multidisciplinary firm, to be known as Hunters. This is part of Hunters’ growth plan – it has already added two partner lateral hires to the firm this year.

The merged firm will offer an expanded commercial and corporate offering in the areas of corporate finance and commercial dispute resolution, including experts in competition, employment, energy, financial services, shipping, TMT and intellectual property, alongside the existing Hunters Law offering.

“This merger expands the team’s existing corporate and commercial expertise which, along with David Wilson’s outstanding capability as the head of commercial, will allow us to broaden the scope of our work and advise on even more complex cases,” CFO Arif Kamal said. “The merger will build on the growth we have seen this year, ensuring we continue to enhance and develop our service lines to meet client needs. Our strategy is about inspiring all who work at Hunters, delivering value for our clients and setting a vision for the future of our business. The merger will greatly strengthen Hunters’ position in its chosen markets.” 

David Wilson, senior partner from Peachey & Co, is now the head of Hunters’ commercial team. Hunters now comprises 27 partners, expanding its services and maintaining a position in the market as a multidisciplinary firm.

Since 1715, Hunters Law has been working with individuals, businesses, trusts, charities and organisations of all kinds to advise on legal matters. Established in 1796, Peachey & Co is a boutique corporate law firm, committed to providing commercial solutions.