26th October 2009

Towergate Financial selects IFDL to power its Wealth Platform

Towergate Financial, the financial advisory business of the Towergate Group, today announces that it has selected Investment Funds Direct Limited (IFDL) to power its Wealth Platform, which is a key part of its new private client offering. The platform is scheduled to be rolled-out by the end of 2009 as part of the launch of Towergate Financial's new Private Client Toolkit.

Towergate Financial has been reviewing the platform market for several months and selected IFDL following a rigorous selection process with significant input from its leading financial planners. Key to IFDL's selection was its integrated fund management, stock broking and cash management solution, which, when combined with its transparent charging structure and multiple product offering, will provide the seamless support necessary for Towergate Financial to build its business.

Towergate Financial Chief Executive Ian Darby said, "After a comprehensive search for the right partner to power the Towergate Financial Wealth Platform, I am delighted that the experts in our businesses have selected IFDL. I believe the platform will create real added value for our clients, advisers and people".

Dan Saulter, Business Development Director at Towergate Financial added, "One of our principal considerations in building the Towergate Financial Wealth Platform was to ensure our independence and whole of market credentials were not fettered. IFDL's multi-tax wrapper and large investment universe ensures that this is the case".

Richard Goodall, Sales Director at IFDL, commented, "There is no better endorsement for our platform solution than to be working in partnership with a company such as Towergate Financial. The strength of their management team and business model is exemplary and we look forward to helping them achieve their strategic goals."

Media Contacts:

Russell O'Connor
Towergate
Tel: 07760 282586

Investment Funds Direct Limited
Dominic Ventham, Head of Marketing
Tel: 01225 787208, Mobile 07590 227039