Brown Shipley acquires £450m financial planning firm


Brown Shipley has acquired Manchester-based financial planning firm The Roberts Partnership for an undisclosed sum as the private bank continues to grow its financial planning business.

The acquisition will complete on 1 November with The Roberts Partnership becoming a subsidiary of Brown Shipley and joining its Manchester office.

Brown Shipley will integrate seven advisers from The Roberts Partnership and bring £450m in assets under advice to its business.

In total Brown Shipley will have 31 wealth management advisers and 46 investment advisers. The firm says it will continue to eye similar businesses in the future.

In July 2015, Brown Shipley acquired Nottingham-based independent financial planning firm Hampton Dean bringing over 12 advisers and a total of 30 staff.

Brown Shipley chief executive Ian Sackfield says: “I am pleased to announce today’s acquisition of The Roberts Partnership.

“Following on from our acquisition of Hampton Dean last year and KBL European Private Bankers’ acquisition of Insinger de Beaufort, it further supports our growth plans, particularly in terms of enhancing our wealth planning proposition to meet the current and future needs of our clients.

“The two businesses have natural synergies, in particular a shared emphasis on leading with advice for clients, so I am confident the new team will make an important contribution to Brown Shipley and its future success.”

The Roberts Partnership chairman Tony Antczak adds: “Brown Shipley and The Roberts Partnership are an excellent fit.

“We are excited to be joining Brown Shipley; it is a business with clear growth plans and a vision for the future.”