Tilney Bestinvest completes acquisition of Ingenious Asset Management

03 May 2016
 

Tilney Bestinvest, the award winning investment management and financial planning group, announces that it has successfully completed the acquisition of Ingenious Asset Management (IAM). The acquisition which was first announced on 5 February 2016 had been subject to regulatory approval.

With the completion of the transaction, all IAM staff have today relocated to Tilney Bestinvest’s offices in Mayfair, London. IAM has been renamed Tilney Asset Management and along with the group’s Investment Management and Financial Planning teams will operate under the “Tilney” brand. As result of the acquisition Tilney Bestinvest’s assets under management and administration increase to over £11 billion, predominantly in managed portfolios. Guy Bowles, formerly Chief Executive of Ingenious Asset Management, becomes Head of Investment Management (London) for Tilney with immediate effect.

Peter Hall, Chief Executive of Tilney Bestinvest, commented: “We are delighted to have completed this deal and to welcome our new colleagues to Chesterfield Gardens. The team at IAM are very high quality professionals and their investment approach is complementary to our own so we believe this represents an excellent combination. Importantly it significantly bolsters our Investment Management team in London and further deepens our presence in the high net worth and ultra-high net worth client segments.”

Important information

The value of investments, and the income derived from them, can go down as well as up and you can get back less than you originally invested. This press release is not advice to invest or to use our services.

 

About Tilney

Tilney is a leading investment and financial planning group that builds on a heritage of more than 180 years.  Our clients are private investors, charities and professional intermediaries who trust us with over £23 billion of their assets. We offer a range of services including financial planning, investment management and advice and, through our Bestinvest service, a leading online platform for those who prefer to manage their own investments.

We have won numerous awards. Tilney has been awarded Best Conventional Advisory Service at the 2018 City of London Wealth Management Awards, Best Advisory Service in the 2015 City of London Wealth Management Awards; Investment Award – Cautious category in the Private Asset Management Awards; and Stockbroker of the Year, Execution-only Stockbroker of the Year and Self-select ISA Provider of the Year 2015, as voted by readers of the Financial Times and Investors Chronicle. Bestinvest was voted Best SIPP Provider and Best Fund Platform at the 2017 City of London Wealth Management Awards, Best Direct SIPP Provider at the YourMoney.com Awards 2017, Best Stocks & Shares ISA Provider at the 2017 Shares Awards, as well as Best Self Select ISA Provider, Best Online/Execution-only Stockbroker and Best Investment Platform 2017 at the FT and Investors Chronicle Investment and Wealth Management Awards, as voted by readers of the FT and Investors Chronicle.

Headquartered in Mayfair, London, the Tilney Group employs over 1,000 staff across our network of 30 offices, enabling us to support clients with a local service throughout the UK.