A Financial Planning business is being wrapped up this week as it is merged into its new parent firm following a takeover.

Brown Shipley announced it is formally integrating The Roberts Partnership this week.

From this month, The Roberts Partnership will cease to operate as a legal entity with all advisers being taken on.

The acquisition means 7 new advisers, 12 support staff and £540m AUM, are being brought in to its Brown Shipley’s Manchester office in Spinningfields, Hardman Street.

Brown Shipley said the takeover was part of a “strategy to further enhance its proposition and services to clients, particularly in wealth planning” and to enhance its “strong regional presence” in the North West.

Ian Sackfield, chief executive officer at Brown Shipley, said: “I am delighted to announce the formal integration of The Roberts Partnership.

“The addition of such a high calibre group of financial planners means we are able to serve a greater number of clients and to draw upon even more expertise.

“Alongside our other five offices, the move also further cements our position as one of the leading full service wealth managers in the North West.”

Tony Antczak, formerly chairman at The Roberts Partnership and now wealth management director said: “We are excited to be formally joining Brown Shipley, as it’s a business with clear ambitions and a vision for the future. The opportunity to be part of a bigger network and to be able to draw upon expertise from across wealth planning, investment management and lending, means we will be able to support our clients with all their wealth management needs even better.”

The acquisition was first announced last year.

Over 200 years old, Brown Shipley provides investment management, wealth management and private banking services to a range of clients. It is a UK authorised bank and is part of KBL European Private Bankers (KBL epb), a European private banking network operating in 50 cities across eight European markets.