Fisher: Towry has 'learnt its lesson' on client acquisitions

In February, Towry lost a £6m claim against Raymond James and seven advisers, amid claims they unlawfully solicited clients following Towry's acquisition of Edward Jones - an allegation rejected in full by the court. At a Tax Incentivised Savings Association (TISA) conference on client ownership, Andrew Fisher [pictured] said that, while Towry had learnt its lessons from recent events, the idea of an industry consensus looked "impossible". "Acquisitions are hard: that's a lesson we've learnt," he said. "They always have their own idiosyncrasies. "It will almost always not be the sa...