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 firm that builds on a heritage of more than 150 years. The Tilney Group operates under the Tilney brand for Investment Management and Financial Planning and Bestinvest for execution-only investing. We look after more than £22 billion of assets on our clients’ behalf and pride ourselves on offering the very highest levels of professional client service with transparent, competitive pricing across our entire range of solutions.

We offer a range of services for clients whether they would like to have their investments managed by us, require the support of a highly qualified adviser, prefer to make their own investment decisions or want to take more than one approach. We also have a nationwide team of expert financial planners to help clients with all aspects of financial planning, including retirement planning.

We have won numerous awards including Best Fund Platform and Best SIPP Provider at the 2017 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. We are pleased that our greatest source of new business is personal referrals from existing clients.

Headquartered in Mayfair, London, Tilney Group employs over 1,000 staff across our network of offices, giving us full UK coverage, and we combine our award-winning research and expertise to provide a personalised service to clients whatever their investment needs.