Towergate raises £100m to buy regional advisers

Towergate Financial, launched under the Towergate Partnership brand, says it plans to be a “vision for the future of specialist personal financial services”. Funding has largely been provided by the Royal Bank of Scotland (RBS), Lloyds TSB Corporate Markets and Towergate management. Towergate Financial says it will provide customers with “ongoing advice from high quality advisers” supported by “market leading technology and expert investment research”. It says tied, multi-tied and whole of market advisers will be approached and adds firms will keep their own brands and offices. The new ...