View more on these topics

Lowes merges with local firm Premium Independent

Newcastle-based Lowes Financial Management has merged with another local IFA firm, Premium Independent Financial Management and says more acquisitions will take place.

Lowes, established in 1971 and currently with nine advisers, says the merger will benefit both companies and their clients and will give Premium founder Boyan Tsonchev a 12-month break from the business.

The merger process commenced in December to ensure Tsonchev’s clients were transitioned across without disruption.

After more than 20 years in the business, he wanted to ensure his clients went to a trusted firm.

Tsonchev says: “It was not easy to find someone who I was willing to pass my clients on to – some of them have entrusted me with their financial stability for the last two decades and it is incredibly important to me that they’re well looked after.

“But I am happy that they are in safe hands with Lowes. I chose them because, although they have a nationwide client base, they still manage to provide that personal touch my clients are used to.

Lowes managing director Ian Lowes says: “Our staff have been working very hard behind the scenes to ensure the transition goes smoothly. Boyan’s clients will continue to be looked after in the manner to which they have become accustomed.

“Lowes has always been committed to providing a personal approach. We have a culture of putting clients first, something that seems to be dying out in business as a whole.

“This merger is just the start of a really exciting time for Lowes. We’re hoping there’ll be more of the same in the coming months, and I’m certain we’ll go from strength to strength.”


FSA ditches risk scheme for PI

The FSA has dropped its suggestion that advisers could face risk-based assessments to decide how much professional indemnity cover they should hold, with a flat rate now looking the likeliest option.


News and expert analysis straight to your inbox

Sign up


    Leave a comment


    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm