'This agreement reflects shared values between both organisations': Irish financial services firm agrees deal to acquire Northern Ireland wealth management company for undisclosed sum
The acquisition of Legacy Wealth Management will strengthen Goodbody's all-island presence and expand its wealth management business in Northern Ireland
Irish wealth management and investment firm firm Goodbody has agreed to acquire Legacy Wealth Management, a Belfast‑based private wealth advisory firm.
The acquisition, which is subject to regulatory approval, marks an 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 £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.
The transaction 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.
Commenting on the agreement, Martin Tormey, chief executive of Goodbody, said: “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. We will be supporting Keith and the team on accelerating growth in the Northern Ireland market."
Keith Liggett, managing director of Legacy Wealth Management, explained: “Legacy Wealth Management 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.”
Goodbody is a wholly owned subsidiary of Allied Irish Banks, p.l.c.. AIB Group has a longstanding footprint in Northern Ireland.