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Jonathanfry acquires Harry Katz’s Norwest Consultants

Veteran adviser Harry Katz’s business, Norwest Consultants, has been acquired by adviser firm jonathanfry for an undisclosed sum.

Katz, who has run Norwest for 25 years and was previously a Aifa council member, will stay on as a consultant but will not give regulated advice. Norwest has about 100 clients on its books.

Katz says he had been looking for a buyer for about a year.

He says: “I’ll be 70 this October and as a sole trader you’ve got to think about the future. It has to be the right business taking over and I’m very happy to have found jonathanfry – they are definitely best of breed.

“I’m very hopeful my clients will be happy with them because the clients’ interests have to come first.”

Jonathanfry is currently undergoing a merger with advice firm Easby Gale and Phillipson.     

Chief executive David Carr says: “As soon as we met Harry, we knew that we wanted to work with him and his clients. He clearly understands how to treat customers fairly, gives an excellent service and generates client loyalty.

”His decision to entrust his clients with us helps to validate the work we have done in building our own client proposition.”

Before training as an adviser, Katz ran a plastics factory he set up in 1968.

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Comments

There are 12 comments at the moment, we would love to hear your opinion too.

  1. Incompetent Regulators 20th January 2015 at 4:11 pm

    Perhaps now Harry will keep his mouth shut about the industry!

  2. All the best, Harry. Wishing you a long and healthy retirement.

  3. Derek Bradley ceo Panacea Adviser 20th January 2015 at 4:49 pm

    Good luck from us all at Panacea Adviser Harry, your observations and comments will be missed by all.

  4. Thank you Martin. Very kind. But who said anything about retiring? I shall I hope be emulating in my small way all the others who go on to develop portfolio careers. (Adair Turner??!) Veteran indeed! Still some life left in the old dog!

    Retiring from giving regulated advice – that’s accurate!

  5. Good luck Harry, hope we will still hear from you on here!

  6. Harry,
    I met you once at Money Marketing Live many years ago and you came across as such a committed IFA. Since then I have followed your career and articles with interest. I wish you well in whatever you do in the future and it is a sad day that such a professional steps away from providing advice.
    Good luck building your portfolio career(s)

  7. Good Choice Harry, good outfit JF, hope your around for a long time to come

  8. Harry, this should give you more time for unfettered blogs!

  9. I don’t want this to sound like an Oscar’s speech, but I have been truly moved by all the kind messages, by e-mail, on the phone and not least on this site.

    I well know that I have not been everyone’s cup of tea and on more than one occasion a royal pain in the posterior, but the banter, camaraderie and often stimulating debate on this forum has frequently been not only thought-provoking, but has also saved me a fortune in counselling fees!

    I hope to retain an interest in this fascinating industry and if permitted on occasion to contribute my usual irritating comments.

    Thank you all.

  10. Time to enjoy !!
    And I wish you well

  11. Long time since we agreed that Stakeholder was a crock. I’ll make three score and ten before you if all goes well, and I really can recommend a complete change at retirement. You were never a pain in the rear Harry. You were – still are – right most of the time, and expressed your views with no little style. May you continue to prosper, whatever you decide to do next.

  12. @Harry – I really must either make a special effort to finally come and visit you as promised, but I like the seaside so much more than Greater London!

    Now perhaps you might have time and prefer a trip to the seaside once spring has arrived and I’ll buy you dinner on the end of the Pier in the Brasserie there (they do very good seafood with lovely views back to the Royal Harbour)

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