Saltus buys Lowes Financial Management

‘Greater negotiation clout’ and tech investment cited as deal drivers

Jen Frost
clock • 2 min read

Saltus has bought Newcastle-based Lowes Financial Management, adding approximately £1bn of assets under advice.

In an update for clients shared on Lowes' website, Ian Lowes, who had served as managing director from 2002, confirmed that the pair of firms had "recently agreed a merger". Ian Lowes said he would be stepping down after 23 years, with the firm's current management team led by Lowes commercial director Barry Hopper and Lowes operations director Claire Lockey to "take the business forward" alongside Saltus management "under the Lowes/Saltus banner". "We are confident that this merger will both help take Lowes to the next level as a business and enable us to continue to develop and deli...

To continue reading this article...

Join Professional Adviser for free

  • 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

Join

 

Already a Professional Adviser member?

Login

More on Your Business

Friday Night Takeaway: Consolidators warned on debt and incentives

Friday Night Takeaway: Consolidators warned on debt and incentives

The Financial Conduct Authority (FCA) this morning shared its consolidation multi-firm review findings, identifying areas of good and potentially harmful practice.

Jen Frost
clock 31 October 2025 • 4 min read
Lord Deben: Inclusive culture not an optional 'add-on'

Lord Deben: Inclusive culture not an optional 'add-on'

Financial services cannot think of it as ‘tick-box’ exercise, former minister urges

Jen Frost
clock 30 October 2025 • 2 min read
Adviser Mark Cooper: My experience of selling to a consolidator

Adviser Mark Cooper: My experience of selling to a consolidator

'The stress and hassle of running a business has been taken off my hands'

Mark Cooper
clock 29 October 2025 • 5 min read