Brown Shipley acquires NW Brown & Co

On 20 June 2019, we announced our acquisition of NW Brown & Co, founded in Cambridge in 1974 and with an additional office in Norwich, NW Brown is a successful wealth manager working predominantly with private clients to offer financial planning and investment management services. The business also provides a range of services to corporates, including employee pensions, and managing investment portfolios.

NW Brown manages £1bn of discretionary funds under management and has 74 employees.

The acquisition is part of Brown Shipley’s growth strategy to add further scale and unlock additional regional opportunities. The addition of NW Brown will increase our total assets under management to almost £9bn.

The acquisition is expected to complete by the end of Q3 2019, subject to regulatory approval. Following completion, NW Brown will be fully integrated into Brown Shipley in 2020, serving as the East Anglian hub for the business and adding to our six existing offices.

Commenting on the acquisition, Rory Tapner, the new Chair of Brown Shipley, said: “This acquisition is an exciting and significant step in the ongoing drive to increase Brown Shipley’s scale across the UK. There are numerous synergies between Brown Shipley and NW Brown across their wealth management client propositions and employee culture, making the business an ideal fit.

Alan Mathewson added, “Cambridge, Norwich and the surrounding area is a hotbed of innovation and entrepreneurialism and this acquisition provides significant opportunities for us to grow across the region. We are delighted to welcome the NW Brown team to Brown Shipley and look forward to putting in place the exciting growth plans we have for the business.”

Oliver Phillips, CEO of NW Brown, will continue to lead the business post-acquisition and stated: “This is a hugely positive development for everyone associated with NW Brown, most importantly our clients and our people. By joining Brown Shipley, our clients will benefit from access to a broader range of services, in particular the ability to borrow against the portfolios that we manage for them. We are delighted to join a company with a set of values and a vision of wealth management that so closely mirrors our own, and we look forward to working together as part of a company with such a rich history.”

^{Non-Independent Research}

^{The information contained in this article is defined as non-independent research because it has not been prepared in accordance with the legal requirements designed to promote the independence of investment research, including any prohibition on dealing ahead of the dissemination of this information.}

^{How to Use this Information}

^{This article contains general information only and is not intended to constitute financial or other professional advice or a recommendation that any recipient of this information should make any particular investment decision. Always consult a suitably qualified financial advisor on any specific financial matter or problem that you have.}

^{Except insofar as liability under any statute cannot be excluded, neither Brown Shipley nor any employee or associate of them accepts any liability (whether arising in contract, tort, negligence or otherwise) for any error or omission in this article or for any resulting loss or damage whether direct, indirect, consequential or otherwise suffered by the recipient of this article.}

^{Investment Risk}

^{Investing in stocks either directly or indirectly carries investment risk. The value of equity based investments may go down as well as up over time due to factors such as, market volatility, interest rates, and general economic conditions.}