British private bank Brown Shipley has acquired a Nottingham-based financial planning firm Hampton Dean for an undisclosed sum.

Hampton Dean currently has £470m of assets under advice and 4,000 clients. It employs 46 staff, of which there are 12 advisors and 34 other staff.

Following the acquisition, Hampton Dean will become a subsidiary of Brown Shipley and will operate as Brown Shipley’s Nottingham office.

Commenting on the deal, Brown Shipley CEO Ian Sackfield said: "I am pleased to announce today’s acquisition of Hampton Dean, as it supports our ambitious 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."