Towry Law multiplies adviser base five-fold after acquisition

Subject to FSA approval, the deal will see Edward Jones Ltd's 400 registered individuals join forces with the 100 already at Towry Law. The combined business will serve more than 60,000 clients, with assets under advice approaching £4.5bn. Towry Law says it will integrate Edward Jones to operate on a fully fee-based model, "in line with [our] existing strategy". Chief executive Andrew Fisher says: "This acquisition provides the opportunity for the combined business to become the major force in independent wealth advice in the UK and be well placed to continue to lead the industry in t...