Towry aims for 25% asset growth in 2009
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The national IFA firm currently has 180 advisers, a turnover of £60m and funds under management of £2.5bn.
Towry Law chief executive officer Andrew Fisher says he is always keen to acquire firms at a reasonable price but would not comment on suggestions he is lining up a bid for AWD.
He says: "We are always looking at acquisitions and the good thing about this year is that prices will start to get more realistic. We are keen to buy, but at the right price, and I think that people are realising that old model IFAs are no more and they will look to be acquired at a sensible price."
Fisher says the company is looking to repeat last year's asset growth of 25 per cent although this is a conservative prediction.
He says: "Given we are not anticipating another market collapse we would expect to be doing slightly better than that this year. We are a lot more optimistic than the market as a whole."
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