Brooks Macdonald Group plc is a British wealth management company headquartered in London[3] with eleven offices across the UK.
Funds under management by Brooks Macdonald exceeded £1 billion in 2007,[7] the business opened a Manchester office in the same year.
[4] In August 2011, the company acquired the investment arm of law firm Clarke Willmott, gaining £120 million of discretionary client assets[12] in the transaction.
In November of that year, Brooks Macdonald acquired Spearpoint, a discretionary fund management service provider based in the Channel Islands.
[22] Andrew Shepherd was appointed Brooks Macdonald's chief executive officer the following year, succeeding Caroline Connellan, who departed the business.
In the same month the company announced the purchase of Manchester-based Adroit Financial Planning, adding a further £350 million in assets under management to the firm.
[25] Also in September it was reported that the company had responded to the cost of living crisis by giving staff who were earning £50,000 per year or less a £1,000 pay rise to combat the increase in utility price cap.
[30] Having founded the business in 1991 alongside Richard Spencer, Jonathan Gumpel and Martin Mullany,[4] Chris Macdonald served as chief executive officer for 25 years before he was succeeded by Caroline Connellan in April 2017.
[32] Connellan left the company in 2021, replaced by Andrew Shepherd,[23] who had previously served as managing director[8] and deputy chief executive[17] since joining Brooks Macdonald in 2008.