Bowmore eyes smaller firms as it readies £10m acquisition war chest

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 ...