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Lowes boosts advisers to 15 and AUA to £675m with new joiner

Lowes Financial Management assimilates North East Independent Financial Services Ltd in ongoing expansion plans

Newcastle-based Lowes Financial Management has increased its financial consultant numbers to 15, assets under advice (AUA) to more than £675m and active investment clients to over 4,000.

This follows Chartered Financial Planner Jennifer Morris founder of North East Independent Financial Services Ltd, joining the company as part of her path to retirement in 2021 and bringing her client bank with her.

Morris said: “I want to retire in five years time but I want my loyal clients to be looked after property when I leave. I didn’t want to hire someone to take over and so I searched for an Independent Financial Adviser who operated a professional practice, put their clients first and lastly, but importantly, were focused on finding good investments to suit a client’s individual needs.”

Morris is the second female Consultant to join Lowes in recent months having been preceded by former Three Counties managing director Nicola Wrightson who joined Lowes in the summer last year.

Lowes managing director Ian Lowes said: “As we continue to grow, one of the biggest challenges I face is ensuring that any new consultant is able to provide the very highest level of service that our clients have come to expect. It is important we only recruit new consultants when they meet our strict requirements and are able to demonstrate that they are capable of maintaining our high standards.

“I’m open to the opportunity to welcome new advisers and client banks of those wishing to retire, and who want to ensure their clients will be looked after to the highest standards. Such a strategy is a complement to the all-important organic growth that we’re seeing as a business.”

On 20 May Lowes moves into new premises, gaining an extra 10,000 square foot of space for client meeting rooms and its expansion plans.

Lowes has also recently bolstered the structured product and fund investment teams with analyst hires, strengthening the firm’s investment offering through in-house expertise.

Last summer, the firm brought its offshore open ended multi-asset fund, the RHFS Diversified Strategy fund, onshore to boost its appeal to investors.

Lowes runs a range of model portfolios built around risk parameters defined by the firm’s own profiling process, and more thematic portfolios, such as the Ethical and Changing World portfolios.

Visit the Lowes Financial Management website

 

 

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