Tilney Bestinvest acquires Ingenious Asset Management

Combined business will have £11.2bn AUM

Natalie Kenway
clock • 2 min read

Tilney Bestinvest is to acquire London-based discretionary manager Ingenious Asset Management in a deal which would create a wealth management business with £11.2bn AUM.

In the latest M&A announcement from the wealth management sector, and just days after it was reported Tilney Bestinvest's owner Permira was seeking to take over Towry, the groups announced the acquisition is expected to be complete by April, subject to regulatory approval. Ingenious AM's £1.8bn of client assets and 41 staff will move across to Tilney Bestinvest under the deal terms, with Guy Bowles, chief executive of Ingenious becoming head of investment management (London) and David Rosier, chairman of Thurleigh Investment Managers, the wealth management firm Ingenious acquired in Apri...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Investment

Partner Insight: Beyond 60/40

Partner Insight: Beyond 60/40

Invesco
clock 25 March 2024 • 5 min read
'Fundamental shift': Why transparent investing really matters

'Fundamental shift': Why transparent investing really matters

‘There needs to be a concerted shift towards greater openness’

Simon Camilleri
clock 18 March 2024 • 4 min read
Partner Insight: Passive and active — the case for both

Partner Insight: Passive and active — the case for both

Invesco
clock 18 March 2024 • 4 min read