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Business & Economy

Lowes financial management expands with new Teesside operation

A financial advisory firm is expanding its presence in the region.

Lowes Financial Management – which last year celebrated its 50th anniversary – is opening an office on Teesside, which it says will further develop its national and regional profile.

With headquarters in Newcastle, the firm has plans to open further bases during the year.

Ian Lowes, managing director, said: “For a successful business with a 50-year history under our belt, it’s time to start writing the next chapter.

“We intend to cement Lowes as the largest and best independent financial advisor in the North East.”

With the support of Middlesbrough Mayor Andy Preston, Lowes has opened an office in the town’s Commerce House building, based on Exchange Square.

Ian said: “We’ve been aware of the superb work the likes of Andy and Tees Valley Mayor Ben Houchen have been doing for Middlesbrough and the wider Teesside area for years, and we’re pleased to be part of that transformation while providing superb office space our clients can easily visit.”

Mayor Preston added: “We’re building something special in the professional sector here in Middlesbrough, and the energy and momentum is becoming tangible.”

“It’s absolutely brilliant to have an established financial company with Lowes’ reputation and standing committing to Middlesbrough.

“These are exciting times, and we look forward to working closely with Lowes in the years ahead.”

Lowes advises clients across a wide range of financial aspects such as inheritance tax planning, investment management, pensions, tax mitigation, long-term care and other general financial planning issues helping clients and their families to secure their financial future.

Christine Huntingdon, facilities manager at Commerce House, added: “We’re honoured to have a firm of Lowes reputation and prominence move into the building, and we look forward to welcoming the Lowes team for many years to come.”

Last October, Lowes was recognised as the UK’s Best Investment Advice Firm by financial adviser magazine Money Marketing, for the third time in four years.