Towry is to acquire the assets of Baker Tilly's private client business, including the Link2wealth brand.
Towry expects to complete the transaction in the second quarter of the year, but has not disclosed the value of the deal.
The Baker Tilly business advises more than 4,500 private clients and holds over £1.5 billion of client assets, and originates from the RSM Tenon Financial Advice business that Baker Tilly acquired in 2013.
The majority of staff, including financial consultants, are expected to transfer to Towry.
This transaction follows Towry's acquisition of Bluefin from AXA in November 2013.
'This is a hugely important and exciting deal for us. Towry has been very impressed by the people we have met and our aim is to provide an outstanding service to their clients and an outstanding work environment for the team who will be joining us. We look forward to welcoming both clients and employees,' commented Rob Devey (pictured), chief executive officer of Towry.
John White, chief executive officer of Baker Tilly Financial Management, added: 'The clients and employees can be very reassured that Baker Tilly has found a strong and committed new owner for this business. Towry’s focus on financial planning and provision of advisory and discretionary investment management services to clients will give continuity around customer service. After the ownership changes of the last few years, this is a very positive move for the long term future of those who have been involved with this business.'