Ashurst advised Brewin Dolphin Ltd, one of the largest British investment management and financial planning firms, on the sale of £4.6 billion of assets under administration of its execution-only stock broking business Stocktrade to Scottish fund manager, Alliance Trust Savings ("ATS").

Completion is conditional upon regulatory conditions customary for this type of transaction and is expected to occur in autumn 2015.

The Ashurst team was led by corporate partner David Page, assisted by senior associate Vitaly Shmakov and solicitor Shari Taylor. Partner Nicola Higgs advised on the regulatory aspects of the transaction, while partner Alexander Cox advised on the tax aspects. Associate Louise Blacker advised on the employment matters of the deal.