Lowes Financial Management Merges with Saltus

Deal News | Feb 19, 2025 | B Daily

Lowes Financial Management, a Newcastle-based financial advisory firm, has merged with wealth manager Saltus. Lowes, which manages approximately £1 billion in assets and employs around 80 staff, embraces the merger as a means to enhance its offerings and maintain personalised financial planning. Saltus, with over £7.5 billion in assets under management and a presence in multiple UK locations, sees this merger as an opportunity to bolster expertise and client service. Ian Lowes will step back from day-to-day management, marking a new era while retaining Lowes' core values. The merger is expected to add resources and technology and enhance client service offerings.

Sectors

Financial Services
Wealth Management

Geography

United Kingdom – Both Lowes Financial Management and Saltus are headquartered in the UK, with offices in various locations including Newcastle, London, and others across the country.

Industry

Financial Services – The merger involves financial advisory and wealth management services, both of which are key segments in the Financial Services industry.
Wealth Management – Saltus is a wealth management firm, providing services aligned specifically with wealth management industry practices.

Financials

£1 billion – Assets managed by Lowes Financial Management.
£7.5 billion – Assets managed by Saltus.

Participants

Name	Role	Type	Description
Lowes Financial Management	Target company	Company	A financial advisory firm based in Newcastle, managing about £1 billion in assets.
Saltus	Bidding Company	Company	A wealth management firm managing over £7.5 billion in assets, with multiple UK offices.
Ian Lowes	Managing Director	Person	Managing Director of Lowes Financial Management stepping back from day-to-day management post-merger.
Barry Hopper	Commercial Director	Person	Commercial Director at Lowes Financial Management.
Jon Macintosh	Managing Partner	Person	Managing Partner at Saltus.