Goodbody has agreed a deal to buy Belfast‑based private wealth advisory firm Legacy Wealth Management.
Legacy Wealth Management, which employs approximately 28 staff and advises on more than £700 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.
Today’s deal is intended to support the continued development of Legacy Wealth Management, while broadening access to investment and financial planning expertise on an all‑island basis.
Goodbody, which is owned by AIB, said today’s acquisition marks an important step in executing the broader AIB Group strategy to expand its wealth management business through targeted acquisitions.
Martin Tormey, chief executive of Goodbody, said that Legacy Wealth Management has built a strong and respected position in the Northern Ireland market.
“This agreement supports our ambition to be an all‑Ireland wealth management firm, while recognising the importance of local expertise, leadership and client relationships. We are excited to be able to bring the strong investment and financial planning capabilities of Legacy Wealth Management to Goodbody,” he added.
Keith Liggett, Managing Director of Legacy Wealth Management, said the company has grown by focusing on clients, people and long‑term financial planning.
“This agreement reflects shared values between both organisations. I look forward to continuing to lead the business and building on our success, while enabling clients to benefit from the strength and capabilities of both Goodbody and the AIB Group,” he added.
The transaction is subject to approval by the UK Financial Conduct Authority.
