Broker Network sale “removed the handcuffs”
Brokers welcome sale to Highbridge and believe deal will see network regain freedom.
Brokers have welcomed Towergate's sale of the organisation hailing it as a return to independence.
Former Broker Network chief, Nick Houghton - now at JM Glendinning - said the deal was good news for the network because "networks need to have independence running through their veins and I think, while they can work in a big corporate environment, there is a risk that the proposition is compromised".
Towergate sold a majority stake in the network to Highbridge for £46m plus 19.9% of shares.
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