Brooks Macdonald's asset management business has acquired Jersey-based DPZ in a deal that will add a further £360m to its discretionary AUM.
The deal will see Brooks will pay an initial consideration of £5.7m and a total consideration of up to £13m for the business. The total amount would stand at £10.8m if DPZ's assets as at 31 March 2014...
Despite improved risk appetite
FOS award limit increase
Relates to 136 million transaction reports
Ceremony will take place 13 November