Wealth manager Brooks Macdonald has added £350m in assets and 650 clients with the acquisition of Manchester specialist adviser firm Adroit Financial Planning.

Brooks is buying the company from law firm Slater and Gordon, subject to regulatory approval.

Adroit is an IFA specialising in the personal injury and clinical negligence sector.

All of Adroit’s staff will move across to Brooks Macdonald. As part of the transaction, Adroit and Slater and Gordon will sign a referral agreement to continue close working between the firms.

Brooks said that following the acquisition of Integrity Wealth Solutions earlier this year, Adroit will add further scale to Brooks Macdonald’s Private Clients business.

The deal is part of Slater and Gordon’s recent strategic reorganisation which has created two businesses: Essential Legal Services and Specialist Legal Services.  Adroit will continue to work closely with S+G. 

Adroit’s head of Financial Planning services, Neil Jefferies, will continue to lead the team at Adroit as well as contributing to Brooks Macdonald.

Andrew Shepherd, CEO of Brooks Macdonald, said: “We have worked closely with Neil Jefferies and the team at Adroit since the early days of the firm. We admire their technical expertise and approach to clients and we are delighted to give them the opportunity with Brooks Macdonald to build and accelerate on their existing strong foundations.”

Slater and Gordon CEO Nils Stoesser said: “I am pleased to confirm the sale of Adroit to Brooks Macdonald as they will be an excellent owner to build on what Adroit has achieved under the Slater and Gordon ownership.  

“It is crucial that our clients receive expert, independent financial advice and support, and we are committed to continuing the excellent and close working relationship we have with Adroit. We wish Neil and his team ongoing success under new ownership and look forward to continuing working with them.” 

Neil Jefferies, head of Financial Planning Services at Adroit, added: “The move to Brooks Macdonald will be seamless and smooth as we will continue to provide the same level of service to Slater and Gordon clients as well as those introduced from our existing network of law firms.”