Tributes have been paid to veteran financial adviser Alan Torevell who passed away on 20 May aged 83.
Mr Torevell launched Torevell Mahon & Co, one of the first independent financial advisory firms in Manchester in 1973. Prior to that he was head of economics at Leeds Grammar School and an education consultant to the London Stock Exchange.
The firm grew steadily and in the late 1980s was taken over by a London-based merchant bank and renamed Torevell Mahon Granville (TMG). Mr Torevell remained managing director of the firm and became a director of Granville and its subsidiary Granville Bank.
At the age of 60, he left TMG and launched a new company, Torevell Dewhurst (quickly renamed Dewhurst Torevell as part of a legal deal with Granville and TMG), which is when he was joined by his son, Martyn, in the business.
Now known as Torevell & Partners, the firm continues to thrive and currently manages around £500m of client assets from its headquarters in Manchester.
Alan stepped away from giving advice a number of years ago but remained actively involved in Torevell & Partners until the end as its non-executive Chairman.
Martyn Torevell, said:
“My father was renowned for the personal care and attention he paid to clients and built up very strong relationships with them and their families, often across several generations. As a firm we’re proud to look after the great-grandchildren of some of his first clients.
“My father passionately believed that businesses should be involved in the wider community and as a result there are many cultural organisations, primarily in Manchester, which benefited from his support. He’ll be sadly missed personally and professionally to a lot of people and I’d like to thank those who have sent me kind messages at this sad time.”
Alan also supported national organisations such as the Duke of Edinburgh’s Award Scheme (he was a holder of the Dof E’s Diamond Award).
He was also the deputy Chair of Feoffees (trustees) at the world renowned Chethams School of Music in Manchester where Torevell & Partners have sponsored an annual prize for students for over 20 years.
In addition, he was a member of the North West Business Leadership Team for many years and from this became the driving force behind Northern Tidal Power Gateways – an ambitious scheme to create tidal energy from Morecombe Bay and the Duddon.
He was a keen supporter of Burnley Football Club and Lancashire Cricket Club.