The new company, Towergate Financial London, will be led by managing director David Taylor, former Morgans Group head of corporate benefits.
TFL will provide employee benefits and private client capability, and has plans to expand before the end of 2009.
Taylor says: “The team is delighted to have joined Towergate Financial which has market leading corporate and private client propositions. We now have the opportunity to deliver these to clients of the other businesses in the Towergate group which is very exciting, and also to use these propositions to introduce new clients to the group.”
Towergate Financial chief executive officer Ian Darby says: “As part of Towergate Partnership we now have the support and firepower to grow the businesses both organically and through the acquisition of well run IFA businesses.”
Earlier this month Moneymarketing.co.uk revealed that Towergate is rebranding the nine firms it took under its wing when its financial services arm folded in June.