Towergate buyout of A1 Financial Services
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Towergate Financial, the financial advisory business of the Towergate Group, has bought A1 Financial Services.
A1 Financial Services was established 30 years ago and provides financial services, incorporating pensions, mortgages, financial planning and life assurance.
Under the terms of the deal, A1 will form part of Towergate Financial’s North region under the leadership of Simon Jones, regional managing director.
A1 founder Mel Jones will work alongside Simon to help with the transfer of the business.
Jones says: “I was particularly impressed with Towergate’s RDR proposition and focus on client service. What’s more this is the right decision for our clients who will now benefit from even great products and service which Towergate Financial can deliver”.
Dan Saulter, business development director at Towergate, says: “We are delighted that A1 has joined forces with Towergate at a time of great change for our industry. Mel recognisesthat we can help grow their business whilst providing an enhanced service to their clients.
“A1 Financial Services is certainly a great addition to our stable of high quality businesses. We continue to talk to firms either to purchase or as potential clients of our Transition Toolkit”.
Towergate Financial launched its Transition Toolkit in August this year. It provides third party IFAs with a, neutrally branded, RDR aligned customer proposition without spending the significant amount of time and money required to develop their existing propositions.
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