Wealth manager Bowmore has said it is looking to acquire £10m worth of small financial adviser and fund management businesses to aid the firm's growth.
The firm, which has 25 staff and holds more than £350m of assets under advice (AUA), said its aim is to target advisers with up to £100m AUA, and fund managers with up to £200m funds under management. According to Bowmore, there are a large number of financial advisers and fund managers that are facing rising costs and shrinking margins that could benefit from working with a larger business. Bowmore CEO Mark Incledon said: "We are looking for high quality, independent businesses to grow with us. We have a family business ethic at our core which we think makes our business a much more ...
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
