Wealth manager Towry has acquired Bluefin Personal Consulting (BPC), the Axa UK-owned financial planning unit of Bluefin, for an undisclosed sum.
A deal for the business, which advises on about £500m worth of assets for some 1,500 clients, is expected to complete before the end of the year. Transferring to Towry will be 19 wealth planners and 70 support staff. Initially, BPC will continue to operate under the Bluefin brand - and from its existing premises - to ensure a minimum disruption to clients, Towry said. Andrew Fisher (pictured), chief executive of Towry, said: "We are very pleased to have signed this agreement with BPC, whose advisers have demonstrated a strong track record in building trusted relationships with clie...
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