Wealth supervisor Brooks Macdonald has added £350m in belongings and 650 shoppers with the acquisition of Manchester specialist adviser agency Adroit Monetary Planning.
Brooks is shopping for the corporate from legislation agency Slater and Gordon, topic to regulatory approval.
Adroit is an IFA specialising within the private harm and scientific negligence sector.
All of Adroit’s employees will transfer throughout to Brooks Macdonald. As a part of the transaction, Adroit and Slater and Gordon will signal a referral settlement to proceed shut working between the companies.
Brooks mentioned that following the acquisition of Integrity Wealth Options earlier this yr, Adroit will add additional scale to Brooks Macdonald’s Non-public Shoppers enterprise.
The deal is a part of Slater and Gordon’s current strategic reorganisation which has created two companies: Important Authorized Providers and Specialist Authorized Providers. Adroit will proceed to work carefully with S+G.
Adroit’s head of Monetary Planning providers, Neil Jefferies, will proceed to steer the crew at Adroit in addition to contributing to Brooks Macdonald.
Andrew Shepherd, CEO of Brooks Macdonald, mentioned: “We’ve labored carefully with Neil Jefferies and the crew at Adroit for the reason that early days of the agency. We admire their technical experience and strategy to shoppers and we’re delighted to present them the chance with Brooks Macdonald to construct and speed up on their present sturdy foundations.”
Slater and Gordon CEO Nils Stoesser mentioned: “I’m happy to verify the sale of Adroit to Brooks Macdonald as they are going to be a wonderful proprietor to construct on what Adroit has achieved beneath the Slater and Gordon possession.
“It’s essential that our shoppers obtain professional, impartial monetary recommendation and help, and we’re dedicated to persevering with the superb and shut working relationship we have now with Adroit. We want Neil and his crew ongoing success beneath new possession and sit up for persevering with working with them.”
Neil Jefferies, head of Monetary Planning Providers at Adroit, added: “The transfer to Brooks Macdonald will likely be seamless and easy as we are going to proceed to supply the identical degree of service to Slater and Gordon shoppers in addition to these launched from our present community of legislation companies.”