Towry hits acquisition trail as RDR bites

The private equity-backed firm has raised multiple rounds of capital for expansion, including a £35m injection shortly the introduction of RDR. CEO Andrew Fisher told SNL Financial Towry had "a keen appetite to acquire the right company at the right price". "We think there will be people who will exit, so there will be clients who no longer have advisers, and there will be advisers who no longer have companies," he said. "So we think we will be able to pick up some good advisers." "Another area of change will be in how individuals are paid," Fisher added. "I would hope that clients...