Tilney to acquire Midlands-based advice firm

£243m AUM

Hannah Godfrey
clock • 1 min read

Tilney is set to acquire Midlands-based Index Wealth Management, with its £243m assets under management (AUM), subject to regulatory approval.

The acquisition is expected to boost Tilney's presence in the Midlands and will see three Chartered financial planners and three paraplanners join the business. Index Wealth Management founding partner Les Phillips said the firm had been thinking of joining a bigger business for some time. "We are very proud of the business we have built over the last 14 years but have also been thinking carefully about the future," he said. "Over time we have come to recognise the benefits of becoming part of a bigger group, with significant resources."   Tilney appoints new head of financial p...

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 Companies

Manchester firm declared failed by FSCS over pensions advice

Manchester firm declared failed by FSCS over pensions advice

Pension Advice Specialists, trading as Ashworth Wealth, no longer exists

Isabel Baxter
clock 26 March 2024 • 1 min read
Third Financial's 'laser-like' focus following Nucleus acquisition

Third Financial's 'laser-like' focus following Nucleus acquisition

‘Adviser platforms are more nuanced than just outsourced versus in-house’

Isabel Baxter
clock 26 March 2024 • 3 min read
Fairstone makes first advice firm buy of 2024 adding £110m in assets

Fairstone makes first advice firm buy of 2024 adding £110m in assets

Consolidator acquires Nottingham-based James Ryan Thornhill

Isabel Baxter
clock 26 March 2024 • 1 min read