View more on these topics

Lowes takes over Newcastle firm

Lowes Financial Management has merged with another Newcastle firm, Premium Independent Financial Management.

Premium founder Boyan Tsonchev is taking a 12-month break from the business in a move that will see the Premium brand disappear.

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

Lowes managing director Ian Lowes says: “Boyan’s clients will continue to be looked after in the manner to which they have become accustomed. 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 are hoping there will be more of the same in the coming months and I am certain that we will go from strength to strength.”

Lowes says with a strong balance sheet, his firm is in a position to adopt client banks or buy firms outright but he would not want to grow beyond 100 staff. The firm currently has nine advisers.


Probe looks at offshore centres

MPs are launching an inquiry into offshore financial centres to investigate issues over transparency and financial stability.

Scheme pays explained

By Fiona Hanrahan, senior product insight and technical support analyst We’ve received lots of queries on scheme pays and when it can be used. This article explains how it works and the conditions which apply. What is ‘scheme pays’? If an individual exceeds the annual allowance (AA) and an AA tax charge is due, they […]


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