Tilney and Smith & Williamson complete £45bn merger after delays

The business will now be known as Tilney Smith & Williamson but its existing client-facing brands, Tilney, Smith & Williamson and Bestinvest will not be immediately changed. The £45bn merger was delayed by both the Covid-19 pandemic lockdown and regulatory concerns over the outcome of the deal. However, it has now completed after first being announced last year. The group has more than £47bn in assets under management and about £530m in revenues, it said. The merged business employs 290 investment managers, 265 financial planners and more than 140 professional services partners and...