Towry acquires Bristol wealth managers Deverill Black

December 20, 2013

Bristol-based wealth management and financial planning company Deverill Black & Co has been acquired by Towry, the national wealth advice group.

Deverill Black, pictured, has been trading since 2001 from an office in Redland. Led by Iain Black, who has been in financial services for 30 years, it has three employees including two wealth advisers. Staff will now move into Towry’s Bristol office on Portwall Lane.

The company advises around 300 clients in Bristol and the surrounding area. Mr Black and his team will continue to look after all former Deverill Black clients, offering the full services of Towry.

Towry head of wealth advice Andy Cowan said: “It is fantastic news to bring Iain Black and his team to Towry. We have a strong desire to bring outstanding professionals into our firm and we welcome the Deverill Black team and look forward to advising their clients on the full range of Towry products and services.”

Mr Black added: “Following recent regulatory changes affecting the industry, we recognised that it would be in the best interests of our business and clients to find an extensive wealth management offering for the long-term future.

“Towry very much fits the bill as a leading wealth management firm who will offer an excellent proposition to our clients through their financial planning and investment management capabilities.”

Towry employs around 750 people in 20 offices across the UK and manages more than £5bn of client assets.



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