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S-Tech partners with NW Brown

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Broker sells financial planning arm of the business as it seeks to focus on developing further into specialist areas.

Cambridge-based broker S-Tech has sold the financial planning section of its business to NW Brown for an undisclosed sum.

The deal will see S-Tech's Kevin Brown and Graham Sibley, subject to regulatory consent, join NW Brown together with their entire team.

Shaun Walker, chief executive of S-Tech, said: "We have known NW Brown for many years and co-operated in various ways in that time. Today we enter a closer relationship and I am delighted as I believe it strengthens both firms and allows us

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