Towergate Financial acquires John Charcol

Towergate Financial, the financial advisory business of the Towergate Partnership, today announces the acquisition of John Charcol, the leading independent mortgage advisory business.

Under the terms of the deal, all John Charcol staff and directors will be making the move to Towergate Financial.  John Charcol CEO John Garfield will work closely with Towergate Financial CEO Ian Darby to grow the business alongside his current management team.

John Charcol is one of the UK’s best known independent advisors and a key element of Towergate Financial’s growth strategy is to establish a high net worth mortgage advisory proposition to complement its private client and corporate solutions businesses.

Towergate Financial is part of Towergate Partnership, Europe’s largest independently owned insurance intermediary. Since their integration in 2009, Towergate Financial has made good progress in building its business, acquiring teams, and working closely with Towergate’s general insurance businesses, which includes a number of specialist underwriting agencies, regional brokers and a wide range of specialist niches.

Towergate Partnership Chairman, Peter Cullum, said,

"We are delighted to welcome 100 new staff to Towergate and to have secured their futures under the John Charcol brand, a brand which enjoys a great reputation and which we will retain and further develop.

Towergate Partnership enjoys the benefit of owning businesses with leading brands in their sector, for example Fusion, Haywards Aviation, Broker Network and Paymentshield. To have the leading high net worth mortgage broker in the Group gives us a huge opportunity to provide mortgages to our high net worth customers and SME owners. A perfect fit with Towergate Financial which goes from strength to strength under the leadership of Ian Darby who, as former CEO of Charcols, knows this sector of the market inside out"

Media Contacts

Russell O'Connor

Group Communications Manager

Towergate

Mobile: 07760 282586

Email: Russell.o'connor@towergate.co.uk