A Financial Planning business is to be taken over by wealth firm Brown Shipley.

A deal to acquire Manchester-based The Roberts Partnership, which has seven advisers, was revealed this morning, though no details of a fee were disclosed.

Ian Sackfield, chief executive at Brown Shipley, said: “Following on from our acquisition of Hampton Dean last year and KBL epb’s acquisition of Insinger de Beaufort, it further supports our growth plans, particularly in terms of enhancing our wealth planning proposition to meet the current and future needs of our clients.

“The two businesses have natural synergies, in particular a shared emphasis on leading with advice for clients, so I am confident the new team will make an important contribution to Brown Shipley and its future success.”

The acquisition is expected to be complete on 1 November 2016.

Once completed, The Roberts Partnership, which has £450m FUM, will become a subsidiary of Brown Shipley and will ultimately join its Manchester office based in Spinningfields, Hardman Street.

Tony Antczak, chairman at The Roberts Partnership, said: “Brown Shipley and The Roberts Partnership are an excellent fit. Both firms have highly skilled people providing their clients with wealth planning and investment services. We are excited to be joining Brown Shipley; it is a business with clear growth plans and a vision for the future. Joining Brown Shipley means we will be able to offer clients an even wider range of services and will enhance career opportunities for employees.”

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.