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Towergate acquires Paramount Group

Towergate Financial has acquired Leeds-based financial adviser Paramount Group Limited.

Paramount has 30 registered individuals and provides advice to the corporate, trusts, medical, family and matrimonial segments.

Managing director Simon Jones and the current directors and management team will remain in their current roles.

Towergate Financial chairman Patrick Snowball says: “Paramount Group is another great signing renowned for a highly qualified and experienced management team and a great group of advisers. As part of our hubs and spokes strategy, Paramount will help drive forward our consolidation plans in the north of England.”

Jones says: “Towergate Financial provides us with the size and scope to build and develop our business, both organically and by way of further acquisitions, whilst also giving our advisers and staff excellent opportunities by being part of a progressive and ambitious company, with real knowledge of the UK financial advice sector.”


Lenders face court action over Meafs

The FSA is warning that lenders which continue to vary the terms of the charges within their mortgage contracts may face enforcement or court action.

The bottom line

Economists recently “celebrated” the first birthday of the credit crunch. Markets have been living with it for a while but the public are only now starting to feel its effects.

Shared opportunity

As we return from our summer breaks for the final push towards the end of the year, it is worth assessing whether there has been any improvement in the mortgage market over the holiday period.


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