It is the firm’s second acquisition of the year — after buying Moore Stephens at the start of 2019 — and Tilney’s chief executive described its latest acquisition as a “transformational deal”.
The combined entity, which will be called Tilney Smith & Williamson, will have assets under management of £45bn, of which 80 per cent will be run by discretionary fund managers.
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imogen.tew@ft.com
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