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...
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