AIB-backed Goodbody acquires Legacy Wealth Management
- Simon Bourke
- Jun 26
- 2 min read
26th June 2026
Deal summary
Goodbody has agreed to acquire Legacy Wealth Management, a Belfast-based private wealth advisory firm.
Legacy Wealth Management employs approximately 28 people and advises on more than £700 million of client assets. The acquisition will give Goodbody a larger direct presence in Northern Ireland and support its ambition to build an all-Ireland wealth management business.
Keith Liggett will continue to lead Legacy Wealth Management following the transaction. Completion remains subject to approval from the UK Financial Conduct Authority.
About Goodbody
Founded in 1874 and headquartered in Dublin, Goodbody is one of Ireland's largest wealth management and stockbroking firms, with offices in Galway, Cork and London. At the end of 2024, it had approximately €15.5 billion across its wealth and asset management businesses. AIB completed its €138 million acquisition of Goodbody in September 2021, comprising an enterprise value of €82 million and approximately €56 million of excess cash.
About Legacy Wealth Management
Legacy Wealth Management is a private wealth advisory firm based on Chichester Street in Belfast, employing approximately 28 people and advising on more than £700 million of client assets. The firm has operated in the Northern Ireland market for around a decade, building its position through a financial-planning-led advice model and long-standing client relationships. Keith Liggett serves as managing director and Gillian Rea is operations director.
Why is Goodbody acquiring Legacy Wealth Management?
The deal reflects Goodbody's stated ambition to operate as an all-Ireland wealth management firm and positions it more directly against rival Davy, which manages more than £2 billion in assets from its Belfast office. Martin Tormey, Goodbody's chief executive, said the agreement supports the firm's ambition for all-Ireland reach while recognising the importance of local expertise and client relationships. That ambition has been backed with capital: AIB injected €50 million into Goodbody at the end of 2024 to support future growth opportunities, including acquisitions.
What happens next?
Completion is contingent on approval from the UK Financial Conduct Authority. Keith Liggett has confirmed that he will continue to lead Legacy Wealth Management following completion.
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