View more on these topics

Towergate to provide in-branch advice for West Brom

Building society was forced to find a new advice partner after Axa pulled out of advice last summer.

Towergate Financial is to offer financial advice through West Bromwich Building Society branches.

Towergate will offer independent, face-to-face advice on investments, pensions and protection through West Brom’s 37 branches.

West Brom previously partnered with Axa to offer branch advice but the building society was forced to find a new partner after Axa pulled out of advice last summer.

The service will be staffed by 20 employees currently working with West Brom, who will now be employed by Towergate.

West Brom sales director Richard Hopwood says: “We know localised financial advice is a service our customers value very highly and having already made a significant commitment by becoming RDR-compliant it was something we were determined to continue with.

“Towergate has an excellent reputation within the building society sector and teaming up with them will greatly improve our customer proposition.” 

Independent financial consultant Richard Hobbs says: “It is strange that two financial institutions – Axa and Towergate – have totally different risk appetites on supplying advice. People are getting richer and older so the demand for advice in branches will grow.”

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment

    Close

    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

    Email: customerservices@moneymarketing.com