Restricted advice group Towry is evaluating its house view on structured products and investment trusts following its acquisition of national IFA Ashcourt Rowan, in a move which could see the combined business registered as independent.
The partners of Seven Investment Management (7IM) are considering selling the business, according to reports.
The chief executive of national IFA Ashcourt Rowan has talked of the importance of scale in wealth management as the company awaits regulatory approval for a near-£100m takeover by Towry.
All this week's key events, hires and fires (plus a quick joke)
Ashcourt Rowan CEO Jonathan Polin will not stay on in an enlarged business if his firm merges with Towry in a planned £97m deal.
Our weekly heads-up on events, jobs and hires, plus some other bits and bobs for professional financial advisers...
Wealth manager Ashcourt Rowan has sold its remaining SIPP and SSAS business to Mattioli Woods.
Ashcourt Rowan has announced chief operating officer Richard Sinclair is to leave the group at the end of the month.
Fundamentally different: An alternative approach to multi-asset investing
Ashcourt Rowan has completed its acquisition of UK Wealth Management Limited (UKWM) from Duke Street General Partner in a £14m deal.