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...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Companies

Hoxton Capital AUM tops £1.3bn with double IFA acquisition

Hoxton Capital AUM tops £1.3bn with double IFA acquisition

Dudley and Guildford-based IFAs purchased

Isabel Baxter
clock 17 April 2024 • 1 min read
Tatton sees AUM reach £17.6bn as advice firm numbers grow

Tatton sees AUM reach £17.6bn as advice firm numbers grow

Discretionary fund manager records net flow increase of 28% to £2.3bn

Isabel Baxter
clock 16 April 2024 • 2 min read
New online platform launches for care-related advice

New online platform launches for care-related advice

To meet Consumer Duty and vulnerability regulatory expectations

Isabel Baxter
clock 16 April 2024 • 2 min read