Brown Shipley has acquired Nottingham-based independent financial planning firm Hampton Dean for an undisclosed sum.
Hampton Dean, which has 12 advisers and a total of 30 staff, will become a subsidiary of Brown Shipley following the deal.
The move is part of the private bank’s strategy to increase its financial advice offering for clients locally.
In May, Brown Shipley appointed Lloyds Private Bank veteran Philip Wynn as a private client director to boost its London team.
Brown Shipley chief executive Ian Sackfield, says: “I am pleased to announce today’s acquisition of Hampton Dean, as it supports our ambitious 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.”
Brown Shipley has offices in London, Manchester, Birmingham, Leeds and Edinburgh. It manages more than £2.5bn for clients.