Wealth advice firm Towry Group is eyeing further expansion after raising £35m of new equity from two co-investors of private equity firm Palamon - AlpInvest Partners and Honeywell Capital Management.
It follows the group securing £47.5m of financing in September from Macquarie Bank and Royal Bank of Scotland. Palamon initially invested in the business in 2003 and Towry has since made ten acquisitions....
Customer numbers rise an average 3.1% across all providers
Base rate 0.1%
Quilter's Jennifer Christian joins as investment specialist
Due to Covid-19
Lowest CPI reading since August 2016
UK investors lost hundreds of thousands of pounds
Lifts advisers to seven
Income from advice fees down