About Us
City Gate Money Managers Ltd was formed in 2000 from the merger of City Gate Consultants
and Money Managers Ltd. The principals of these two long standing practices are
the main directors of the current Group
History
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City Gate Consultants was formed in 1989 by Allan Millward and had acquired a range
of local IFA firms between 1989 and 2000, continuing to look after the needs of
a range of clients throughout the UK.
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Money Managers Ltd was a spin off from Tyndal bank, set up in 1966 and was itself
the subject of a Management Buy Out in 1998.
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After the merger in 2000, City Gate grew to being a significant network IFA, that
is a specialist IFA firm providing IFA services itself and technical and compliance
backup to a range of smaller local IFA firms.
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City Gate also grew by acquisition during the period 2000- 2007. It bought over
a range of firms throughout the UK. This strengthened its substantial employee benefits
and Group pensions business along with building a team of specialised advisers.
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During 2007 City Gate obtained a passport to advise clients in Spain and has developed
a specialised team in parts of that country to service the needs of the growing
expatriate community. The business is also working on similar association programmes
in the UAE, India and Pakistan
Allan Millward
Allan Millward is a co-founder of the City Gate Group. In 1997 he created City Gate
Consultants Ltd., one of the first IFA consolidation companies in the UK. City Gate
Consultants Ltd. went on to complete a series of acquisitions including MacInnes
and Bottomly, Bruce McKenzie & Co., W.D. Coutts & Co. and Peacock Robertson Ltd.
In 2000 the group acquired Money Managers Limited to create the biggest independently
owned IFA in Scotland. In 2002 the group also acquired Scott Laing (Financial Services)
Ltd.
Allan began his career at H M Inland Revenue before moving to Coopers & Lybrand
as a tax manager. He went on to set up his own tax advisory firm. In 1981 he joined
EBS (UK) Limited, an IFA firm offering tax planning services. Allan left in 1989
to found a partnership called City Gate Consultants which later became City Gate
Consultants Limited.
Stewart Domke
Stewart is co-founder of the City Gate Group through the merger of Money Managers
Limited with City Gate Consultants Limited. In 1988 Stewart led the buy-out of Money
Managers Limited, a large Glasgow based IFA founded in 1966 as a spin-off from Tyndal
Bank and subsequently became its managing director. In 1998 he also led the buy-out
for Scot Health Care by Medicash plc (both Health Cash Schemes). Stewart remains
on the board of the Scot Health Care Charitable Trust.
Stewart began with Prudential and went on to build his career via a number of IFA
and business development positions. In 1992 Stewart joined Money Managers Limited
and concurrently sat on the Strategic IT Committee of Burns Anderson where he led
the roll-out of their national IT network connecting 800 individuals.