Tilney eyes further acquisitions as profits double
Towry and Ingenious now fully integrated
UK wealth management group Tilney has said it is eyeing up further potential acquisitions on the back of a record year that saw the firm's average assets under management increase by 60% year-on-year to reach £24bn at the end of 2017, with 75% of assets in discretionary mandates or funds.
In Tilney's full-year results, the firm said it is looking to "augment growth with new hires and potential acquisition opportunities", but added the 62% increase in gross new business demonstrates the...
More on Investment
Lansdown-backed Ravenscroft acquires RLAM CI
Purchased for undisclosed sum
Square Mile: 42% of UK equity managers sensitive to outcome of Brexit
Survey responses
SocGen's Edwards: A recession might only be six months away
Similar to June 2007
Italy's Budget: Will it determine the fate of the country's beleaguered government bonds?
More news
Lansdown-backed Ravenscroft acquires RLAM CI
Purchased for undisclosed sum
Brexit blog: May hits back at Chequers dismissal
Latest news and analysis
SocGen's Edwards: A recession might only be six months away
Similar to June 2007
Italy's Budget: Will it determine the fate of the country's beleaguered government bonds?
The election of an anti-establishment government in Italy sent investors fleeing and Italian government bonds (BTPs) witnessed record outflows earlier this year. Antonio Ruggeri, manager of the OYSTER European Corporate Bonds fund at SYZ Asset Management,...