IMAS acted as the exclusive financial adviser to Brown Shipley & Co (Brown Shipley) on the sale of its employee benefits consultancy business to Beckett Investment Management Group (Becketts).

Brown Shipley is a private banking group and member of the pan-European Quintet Private Bank network, providing integrated wealth planning, investment management and lending to customers in the UK. It inherited the employee benefits business, which focuses on providing advice to SMEs on areas such as workplace pension schemes, group risk, private medical insurance and flexible benefits, in connection with its acquisition of the Cambridge-based wealth manager NW Brown in June 2019.

Operating from four offices in East Anglia and the Midlands, Becketts is a privately-owned group with 73 staff providing financial planning and investment management services to private clients and employee benefits consulting and risk protection to corporate clients. The acquisition will help Becketts boost its presence in Norwich and expand its corporate client base across the East.