Wealth manager eyes £1bn AuM by 2025 with acquisition spree

Mark Incledon, CEO quoted in International Adviser, 12th May 2022

Bowmore Wealth Group is looking to get back on the acquisition trail as it targets £1bn in assets under management (AUM) by 2025. Bowmore had to put its acquisition plans on hold during the pandemic as the deal flow dried up as the uncertainty of Covid put may business owners plans on hold.

However, Bowmore is nearing completion of its first post-Covid deal with the acquisition of a small financial planning practice that specialises in dealing with the medical profession. This is the first of a few in Bowmore’s deal flow which represents the start of the Group’s plans to accelerate growth.

Bowmore Wealth Group is set to have around £400m in assets under administration by July this year.

Read more: https://bit.ly/3l4gEyt

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