Hampton Dean, which reports having over 4,000 clients across the UK, has been acquired by Brown Shipley. The fee for the takeover has not been released.
The bank said it would add new area of expertise, citing the Financial Planning company’s “national reputation in the UK medical sector”.
It has a specialist medical team, which advises consultants, doctors and GPs and is the preferred IFA partner of Doctors.net, the firm said.
Hampton Dean also has a “nationwide reach” and a hub in Nottingham, thereby enhancing Brown Shipley’s regional presence, it said.
Brown Shipley has offices in London, Manchester, Birmingham, Leeds, and Edinburgh.
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The acquisition was finalised on 1 July following approval from the Financial Conduct Authority. Following the completion of the acquisition, Hampton Dean will become a subsidiary of Brown Shipley and will ultimately operate as its Nottingham office.
Ian Sackfield, chief executive at Brown Shipley, said: “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.”
Steve Collyer, managing director at Hampton Dean, said: “Brown Shipley is a business with clear growth plans and a vision for the future. Brown Shipley and Hampton Dean have worked together in the past, we know the business well and this is an exciting development in Hampton Dean’s history.”
Brown Shipley is over 200 years old and provides investment management, wealth management and private banking services to a range of clients. It operates in 50 locations across Europe.