Bowmore eyes smaller firms as it readies £10m acquisition war chest
Including fund managers
“By merging with Bowmore, smaller IFAs and fund mangers will be able to reduce those costs that have been rising fastest in recent years" - Bowmore's Mark Incledon.
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....
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