Towry

APFA called for redistribution of fines to cover compensation cost

Engaged in market abuse during takeover of Ashcourt Rowan.

After a busy start to the year for the wealth sector, Investment Week rounds up the key developments.

After months of speculation

Following acquisition by Towry

Combined group would have £18bn AUM

Restricted advice group Towry is evaluating its house view on structured products and investment trusts following its acquisition of national IFA Ashcourt Rowan, in a move which could see the combined business registered as independent.

The chief executive of national IFA Ashcourt Rowan has talked of the importance of scale in wealth management as the company awaits regulatory approval for a near-£100m takeover by Towry.