Tilney in merger talks with Smith & Williamson

Pedro Gonçalves
clock • 2 min read

Wealth management group Tilney has confirmed it is in talks with fund firm Smith & Williamson in a move that would result in a firm with a combined £45bn in assets under management. The deal, first reported by The Sunday Times, would see Tilney, which is backed by private equity firm Permira, succeed in a bid that failed once already in 2017. Then, Tilney had launched a rival bid for Smith & Williamson after it was reported Rathbones had begun merger talks. According to the Financial Times this new deal would create a business with around 250 financial planners, on top of 240 investme...

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