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Baker Tilly sells investment management business

9th May 2014
Freelance journalist
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AIA

Baker Tilly has agreed to sell its private client and investment management business for an undisclosed amount to Towry, a wealth adviser. 

The business was previously owned by RSM Tenon, and was acquired by Baker Tilly last year as part of its merger with the firm. 

The lastest divestment follows a previous deal last December, when Baker Tilly offloaded the former Tenon offices in Marlow and Brighton Southampton-based Quantuma.

Laurence Longe, Baker Tilly’s managing partner, said: "One of the key strengths of our merger with RSM Tenon is that many of the core service offerings from both firms fit well and complement each other. However, we knew we would need to consider whether some services would play a part in the newly-merged firm in the future."

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