CompaniesAug 15 2014

Towry continues expansion with new partnership

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Athletes represented by Quantum Sport will soon be able to receive financial advice from wealth adviser Towry, as a result of a partnership between the firms

Athletes represented by Quantum Sport will soon be able to receive financial advice from wealth adviser Towry, as a result of a partnership between the firms.

Peter Cormack, Towry wealth adviser and former professional footballer, witnessed the financial difficulties of many of his peers during his football career, as a result of poor advice.

He said of the partnership: “We look forward to engaging with many clients from Quantum Sport and providing access to our exceptional financial planning”.

James Welch of Quantum Sport said that Mr Cormack’s sporting history was a “key factor” in the decision to form a partnership.

This alliance comes a month after Towry acquired approximately £1.5bn in client assets from Baker Tilly, in rapid expansion plans.

The acquisition was possible as a result of a £70 m deal with HSBC, GE Capital and RBS, which Rob Devey, chief executive at Towry, described as part of the firm’s “ambitious plans for the future”.