Towry: Other firms will offload smaller clients
Towry CEO Andrew Fisher
Towry says its decision to offload smaller investors will be replicated by a swathe of other firms as the RDR forces a reassessment of client banks.
Defending the decision to close the accounts of 6,000 clients holding less than £5,000 in assets, Towry says smaller investors will be better served by banks and predicts other firms will follow its lead...
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