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View the article online at http://citywire.co.uk/wealth-manager/article/a752240

Gore Brown’s founding duo on the perils of centralisation

by Elsa Buchanan on May 27, 2014 at 13:12

‘People say the growing amount of M&A in the industry is because of the retail distribution review, but I am not so sure. I suspect it’s just as much to do with shareholder pressure to see the firms continue to grow. It doesn’t necessarily mean they can grow in a way which is good for their insiders,’ James said.

‘If you’re a large or listed company, there are other people to feed.’

Gore Browne added: ‘It’s our view that we would like to remain independent as we look forward, and because quite a few of us are already in our fifties, those young people need to have that sense that we won’t sell our business to the highest bidder and run when we decide we want to retire.’

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