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

Managers report on first half of 2021

clock • 15 min read

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...

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