Wealth manager Towry has confirmed it is looking to acquire advisory firms, but is remaining quiet on claims one of its targets is Bluefin's financial planning proposition.
A report in the Sunday Times suggested Towry is in advanced talks about a takeover of Bluefin Personal Consulting, with an announcement possible "within days". But Towry would not confirm its targets, though it admitted it "has been actively looking at a number of opportunities to acquire advice firms and recruit individual financial advisers". Should a deal take place, it would represent the second sale of a part of the Bluefin business by its parent, Axa. Last year, the insurer sold employee benefits unit Bluefin Corporate Holdings, which traded as Bluefin Corporate Consulting, to C...
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