Wealth Manager - the site for professional investment managers

Register to get unlimited access to Citywire’s fund manager database. Registration is free and only takes a minute.

Towry buys Bristol firm from Lighthouse

Towry buys Bristol firm from Lighthouse

National advice group Towry has bought out Lighthouse’s 50.1% stake in Bristol-based firm Deverill Black & Company for £501,000.

Lighthouse said it had concluded its stake in Deverill & Black, an appointed representative of the group, was not strategic. It added the £501,000 price would be retained as part of the group’s working capital.

Deverill Black recorded a profit before tax of £44,173 over 2012.

In a separate announcement, Lighthouse said group risk director and company secretary Mark Ross was leaving the business.

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.
Citywire TV
Play Big City Bright Future

Big City Bright Future

Big City Bright Future, the brainchild of BlackRock, is a three-week work experience programme for school leavers looking to forge a career in the City.

Play Kames' Ennett: Trump good for US high yield, but beware Europe

Kames' Ennett: Trump good for US high yield, but beware Europe

Kames Capital’s head of high yield David Ennett believes the changing political landscape will be a positive for the US, but negative for Europe in 2017.

Play Philip Milburn: why inflation won't run out of control

Philip Milburn: why inflation won't run out of control

Kames bond fund manager views inflation as more of 'scare' than a 'problem' and is positioning his portfolios accordingly.

Read More
Your Business: Cover Star Club

Profile: change is the only constant for Quilter Cheviot

Profile: change is the only constant for Quilter Cheviot

This is not the first time we have profiled David Miller, but at the time of his previous appearance his company looked very different.

Wealth Manager on Twitter