Towry transfer delays ended in 'weeks'-Ascentric

Managing director Hugo Thorman expects the transfer of Towry assets on to the Royal London-owned wrap to be completed within three to six weeks after the wealth adviser began "unblocking" the transferral process. "It is the beginning of the end," says Thorman. "We have now had very good dialogue with Towry and things have improved. The process has become unblocked." The assets waiting for transfer are those of former clients of Edward Jones, which was acquired by Towry Law last October. Earlier this month, IFAonline revealed delays in transferring £75m worth of these assets on to t...