Towry completes acquisition of wealth manager Deverill Black
23 Dec, 2013
Towry, the wealth adviser, has acquired Deverill Black & Co, a Bristol-based wealth management and financial planning company.
Led by Iain Black, who has been in financial services for 30 years, Deverill Black has been trading since 2001 from its office in Redland, Bristol and currently has three employees including two wealth advisers. With the completion of this deal, staff will be moving into Towry’s Bristol office on Portwall Lane.
The company currently advises around 300 clients in Bristol and the surrounding area, and Iain Black and his team will continue to look after all former Deverill Black clients, offering the full services of Towry.
Andy Cowan, Head of Wealth Advice, Towry said: “It is fantastic news to bring Iain Black and his team to Towry. We have a strong desire to bring outstanding professionals into our firm and we welcome the Deverill Black team and look forward to advising their clients on the full range of Towry products and services.”
Iain Black said: “Following recent regulatory changes affecting the industry, we recognised that it would be in the best interests of our business and clients to find an extensive wealth management offering for the long-term future.
“Towry very much fits the bill, as a leading wealth management firm who will offer an excellent proposition to our clients through their financial planning and investment management capabilities.”