Brooks Macdonald Group has acquired Jersey-based wealth manager DPZ Holdings Limited.
The purchase of DPZ is estimated at £5.7 million, with £3 million in cash and the rest in shares. The firm, founded in 2007, currently holds £430 million in assets under management (AuM).
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Chris Macdonald, chief executive of Brooks Macdonald, said: "This is a very exciting acquisition for the group in line with our strategy to expand our international division based in Jersey. DPZ is a high quality asset management business that has strong investment management and cultural synergies with the group. As well as adding scale to our international business, DPZ bring a highly talented management team and additional skills to expand our offering."
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