Herbert Smith has advised private asset manager James Hambro & Partners on its merger with Calkin Pattinson, creating a combined group with more than £1 billion of assets under management.
Founded in 2009, James Hambro & Partners LLP manages discretionary investment portfolios for 102 families, charities and trusts – with around £480 million assets under management and administration. Established in 1964, Calkin Pattinson advises 2,000 private clients and charities on financial planning issues, and in addition has around £600 million assets under management.
The merged group will combine financial planning and discretionary portfolio management to offer a comprehensive service to clients.
Calkin Pattinson chairman and CEO Charles Calkin and managing director Paul Calkin will join Hambro as partners as part of the deal.
The Herbert Smith team was led by partner Mark Geday with support from corporate associates Matthew Brewerand Bridget Castle.
John Verwey provided regulatory advice whilst Bradley Phillips, Perminder Gainda provided tax input andAnna Lawemployment law advice.
James Hambro were also advised by Spencer House Partners, Saffrey Champness and Farrer and Co.
Mark commented:
“The merger has established a strong base for the merged firm to fully utilise the opportunities that emerge from the retail distribution review by the Financial Services Authority. We look forward to working with our client in future projects.”
