Towry Law to assume control of UK activities of MLP Private Finance PLC
Towry Law, one of the UK’s leading wealth management and financial planning companies, has today announced they will assume control of the UK activities of MLP Private Finance PLC.
This follows the decision by MLP’s parent company, based in Germany, to withdraw from their UK operations.
MLP provides holistic financial planning and wealth management to professional clients in the UK with a significant proportion conducted on a fee-basis. As soon as practicable, all activities will be conducted on a fee-only basis, using the procedures successfully adopted when moving previous acquisitions: Aitchison & Colegrave, Holden Meehan, Towry Law and Baker Tilly Financial Services, to a fee-only model.
MLP Private Finance currently has 95 employees in the UK, including 38 advisers, and 4,000 clients.
Towry Law is a wealth management and financial planning organisation with the size and scale to offer comprehensive services on a national level. The principal shareholders are Palamon Capital Partners, one of Europe’s leading private equity firms, and Towry Law employees.