Former Towry head of private client Philip Howe has left the firm to set up his own discretionary investment manager (DIM), saying he felt he "could no longer offer the service clients wanted" where he was.
Howe left Towry in June to open a branch under the Raymond James brand in Ashton-under-Lyne in August. The business offers bespoke private client solutions and agency-based model portfolios. Howe was head of private client at UK Wealth Management (UKWM) from 2011 until it was acquired by Ashcourt Rowan in 2014. Ashcourt Rowan, in turn, was purchased by Towry in early 2015. Howe said on his Linkedin page after he left: "Following takeovers by Ashcourt Rowan, Towry and Tilney I felt we could no longer offer the service clients wanted so I left to set up my own investment management comp...
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