Brown Shipley to acquire Cambridge and Norwich wealth manager

Adds £1bn AUM

Tom Ellis
clock • 1 min read

Brown Shipley has agreed to acquire East Anglia-based wealth manager NW Brown & Co, adding £1bn of discretionary funds under management and 74 employees to the firm.

The Cambridge-based wealth manager, which also has a Norwich office, has taken Brown Shipley's assets under management close to the £9bn mark. NW Brown & Co predominantly offers financial planning and wealth management services to private clients but also provides a range of services to corporates, such as employee pensions and investment portfolio management. Brown Shipley said the acquisition was expected to complete by the end of the third quarter of 2019, subject to regulatory approval. Once completed, it will look to integrate NW Brown fully into its business as its East Anglia h...

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