Michael Stowe has been hired as a wealth manager at Lowes Financial Management, based in the North East of England.

This is part of the company’s plan to build a strong team as part of a wider restructuring and continued expansion.

Lowes, which celebrated its 50th anniversary last year, recently named its first associate director and a chief financial planner.

Additionally, it has opened an office in Teesside to develop its national and regional profile.

Stowe will be involved in developing relationships with new and existing clients, working from Lowes offices in Newcastle and Middlesbrough.

He has been with the company for nearly 10 years, starting in administration before becoming a Lowes consultant.

Stowe said, “I am delighted to take on this role at Lowes during such an exciting time of growth and progress. Over the past few years, there have been many changes in the financial advisory industry, from legislative and regulatory requirements to the opportunities created by technology.

“Lowes has built its reputation on providing personalized service to customers; an approach that we plan to continue to develop and improve. The continued growth of the Lowes management team enables us to improve our service levels for our customers by introducing efficiencies and removing time-consuming tasks. This means that we can offer more time to those who want a more personalized service.

Lowes advises clients on a wide range of financial aspects such as estate tax planning, investment management, pensions, tax mitigation, long term care and other general financial planning matters, helping clients and their families secure their financial future. Specifically, Lowes is a recognized national authority on structured retail products.