Smith & Williamson is a UK financial and professional services firm, combining an accountancy practice, an investment management arm and a private bank. It provides services to individuals, corporates, professional practices and non-profit organisations.
It is the country's eighth largest accountancy firm, and part of Nexia International, a global network of accounting, audit and consulting firms. The company was founded more than 100 years ago and has 11 UK offices in the UK and Ireland, with its headquarters in London.
2012 was a particularly tough year for some sectors, notably commodities and gold, as fears over global growth weighed on demand for materials.
Charles Deptford, manager of the Smith & Williamson UK Equity Growth and UK Equity Income trusts, has left the firm.
Mark Pignatelli, manager of the Smith & Williamson European Growth trust, has predicted European bank shares will rise 70% over the next two and a half years as the European economic cycle reaches its trough.
In the latest Big Debate, our panelists from Legg Mason Global Asset Management, Smith & Williamson and S&P Capital IQ discussed US Equity Income.
Smith & Williamson Investment Management is launching a range of risk-rated funds via SimplyBiz's investment service Verbatim.