Ireland’s longest-established stockbroking firm Goodbody has completed its acquisition of Legacy Wealth Management, strengthening its presence in Northern Ireland
Ireland’s longest established stockbroking firm Goodbody has announced the completion of its acquisition of Legacy Wealth Management, a Belfast-based private wealth advisory firm, following approval by the UK Financial Conduct Authority (FCA).
The acquisition marks another important step in executing the broader AIB Group strategy to expand its wealth management business through targeted acquisitions.
Legacy Wealth Management, which employs approximately 28 staff and advises on more than £680 million of client assets, has built a strong market position in Northern Ireland, supported by long-standing client relationships and a financial-planning-led advice model. The completion of the transaction supports the continued development of Legacy Wealth Management, while broadening access to investment and financial planning expertise on an all-island basis.
Commenting on the completion of the transaction, Martin Tormey, chief executive of Goodbody, said: “Legacy Wealth Management has built a strong and respected position in the Northern Ireland market. This acquisition supports our ambition to be an all-Ireland wealth management firm, while recognising the importance of local expertise, leadership and client relationships.
“We are delighted to welcome Keith and the Legacy team to Goodbody and look forward to working together to accelerate growth in the Northern Ireland market. The completion of this transaction further strengthens our ability to deliver exceptional wealth management and financial planning services to clients across the island of Ireland.”
Keith Liggett, managing director of Legacy Wealth Management, added: “Legacy Wealth Management has grown by focusing on clients, people and long-term financial planning.
“The completion of this transaction reflects the shared values and complementary strengths of both organisations. I look forward to continuing to lead the business and building on our success, while enabling clients to benefit from the combined capabilities of Legacy Wealth Management, Goodbody and the AIB Group.”
The transaction has been approved by the UK Financial Conduct Authority and is now complete.
