Wealth management firm Courtiers has bought Norwich-based Brunswick Investment Management for an undisclosed amount.

The deal completed on 1 November brings in an extra £105m in client funds to the firm.

It takes Courtiers’ total funds under management to just over £1.1bn.

Jamie Shepperd, chief executive at Courtiers, said Brunswick was an ideal fit for the firm.

He said: “It’s full of talented people, Norwich expands our footprint, it’s discretionary-planning led and, as a company, it has the right ethics in the way it deals with clients.”   

The purchase of Brunswick, which was formed in 2012, takes the number of staff in the Courtiers Group to 140 and boosts the number of offices across the country to seven.

The purchase is the latest in a series of acquisitions by Courtiers as it continues to move towards its target of £3bn funds under management by April 2033.

In 2021, the firm, which is headquartered in Henley-on-Thames, bought south-west advice firm Davidsons IFA. That followed previous acquisitions of SDB Strategic Planners, De Brae Investment Management and advice firm Paragon Independent Solutions. In 2016, the firm bought IFA JRH Asset Management.

To hit its funds under management target, Courtiers is looking to add around another £380m in assets through further acquisitions by April 2027 and said it is in early talks with two companies.