Lowes 'enhances offer' with Saltus merger

A financial advisory firm has merged with a wealth manager.

Lowes Financial Management has joined forces with Saltus.

Bosses at Lowes say the deal marks an “exciting new chapter” for the Newcastle-headquartered business.

They add it will allow the firm to “enhance its offer to clients while maintaining its deep-rooted commitment to personalised financial planning”.

Under the terms of the agreement, managing director Ian Lowes will step back from day-to-day management of the company.

Managing about £1 billion in assets, Jesmond-based Lowes employs around 80 staff.    

Financial planning and investment management firm Saltus, which has offices in Fareham, Bristol and London, oversees assets worth more than £7.5 billion and employs in excess of 300 people.

Barry Hopper, Lowes’ commercial director, said: “This partnership provides access to additional expertise, technology and resources that will strengthen our ability to serve clients.

“While this marks a new era, our core values remain unchanged, and we are looking forward to building on our legacy.”

Jon Macintosh, Saltus’ managing partner, added: “We are delighted to welcome Lowes Financial Management into the Saltus family.

“Lowes is an esteemed firm with a fantastic heritage, and we are committed to supporting its team as it continues to provide exceptional service to clients.”

Saltus has further offices in Bath, Bournemouth, Farnham, Leigh-on-Sea, Penarth, St Albans and Wells.

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