Brooks Macdonald Group plc (“Brooks Macdonald” of the “Group”), the AIM listed integrated wealth management group, today announces that it has signed an agreement to purchase the investment management activities of national law firm, Clarke Willmott LLP (“Clarke Willmott”), based in Taunton, Somerset.

The activities will be integrated into and rebranded as Brooks Macdonald Asset Management Limited (“BMAM”), the Group’s discretionary investment management business. Clarke Willmott’s in-house asset management team of eight staff, including five investment managers and three support staff, currently manage approximately £120 million of discretionary client assets.

From Completion on 31st October 2011, the eight members of staff from the Clarke Willmott investment management team will transfer to the employment of BMAM. These staff members will continue to be based in Taunton, thereby establishing BMAM’s sixth office location, complementing its existing offices in London, Edinburgh, Manchester, Tunbridge Wells, and Fareham in Hampshire. The Board of Brooks Macdonald believes that there is a strong cultural and operational fit between BMAM and the Clarke Willmott investment management team.

The acquisition is in line with Brooks Macdonald’s growth strategies of expanding its business by organic investment in its core businesses, acquiring investment management teams and offices, and developing its produce and service offering.