UK-based financial institution Towry is reportedly among the private equity firms bidding for Oakley Capital’s national IFA Broadstone Pensions and Investments.
Oakley is holding talks with a group of firms including Towry for the sale of the business, reported Fundweb.
Go deeper with GlobalData
Access deeper industry intelligence
Experience unmatched clarity with a single platform that combines unique data, AI, and human expertise.
Broadstone spokeswoman was quoted by the news agency as saying, "A sale will take place at some point but it is not clear when that will happen. With it being private equity owned there is obviously always ongoing discussions taking place."
The deal, if concluded, will be in line with Towry’s acquisition streak that includes the purchase of Baker Tilly’s advice arm in April and Bluefin’s advice arm in September.
Having bought the business in November 2010, Oakley renamed the company as Broadstone from BDO Investment Management in May 2011. It holds cumulative assets of nearly £862 million between its advisory and discretionary wealth management arms.
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalData
