H1 2021 results round-up: Tilney S&W AUM hits £55bn as profits surge

Managers report on first half of 2021

Asset managers report on their successes and failures during the first half of the 2021, as investor sentiment remains strong despite continued lockdowns across Europe.

Tilney S&W Tilney Smith & Williamson has seen its assets under management (AUM) jump 7% to £54.8bn as gross inflows for the first half of the year reached £3.2bn. The group's operating income increased 157.5% to £261.9m, with Smith & Williamson contributing £139.1m, following the 2020 merger. Operating profit surged 36% to £38.6m while adjusted EBITDA increased 132.2% from £39.5m to £91.7m. "Following on from the merger of Tilney and Smith & Williamson last September, the first half of 2021 has been a positive period for the group, characterised by a combination of sharply rising eq...