The Morning Briefing

Bowmore mentioned in Money Marketing, 11th 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, the company 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 its deal flow, which will kick off its plans to accelerate growth.

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

The group plans to accelerate both its organic and external growth. It will seek to add another £300m in assets through acquisitions and an additional £300m organically.

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