National advisory firm Towry has acquired Aberdeenshire-based adviser Conclusion Financial Planning in what marks the fourth acquisition by the business so far this year.
The take-over of Conclusion will add 50 clients and £15m of assets under management to Towry's 25,000 customers and £5bn worth of client assets. Head of Wealth Advice Andy Cowan (pictured) said: "Towry has been keen to seek growth opportunities in some of our most important client regions, including in Aberdeenshire, and as such we see Conclusion Financial Planning as an excellent fit for our business." Towry has already acquired three firms this year and has put in offers for seven more firms, according to Cowan. He said: "We are talking to a number of businesses at various levels...
To continue reading this article...
Join Professional Adviser for free
Signup and gain exclusive members-only insights
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes
