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Tilney acquires Midlands wealth manager

Investment and financial planning firm Tilney has acquired Sutton Coldfield-based Index Wealth Management as it continues to seal more deals before the end of 2018.

Tilney has bought the firm, which has three financial planners, three paraplanners and six support staff, for an undisclosed sum.

Assets under advice at Index are around £243m, with average client assets of over £1m.

Tilney chief executive Chris Woodhouse says that the firm is likely to make more acquisitions in the new year.

He says: “We have been expanding our presence in the Midlands in recent years and this acquisition will further cement Tilney’s position as the leading wealth management firm in the region.

Profile: Tilney boss on juggling financial planning and investment management

“We will continue to explore acquisition opportunities right across the UK with high quality businesses who can see the benefits that our scale can bring in terms of infrastructure and support, enabling them to focus on delivering a very personalised and professional service to their clients.”

Tilney has been focusing on high-end clients with its hires and acquisitions this year, taking on new staff from the likes of private bank Brown Shipley and setting up a new specialist ultra-high net worth team headed by LGT Vestra’s Joanna Hunt.

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  1. […] By Editor   Posted on December 21, 2018December 21, 2018 This post was originally published on this sitehttps://lh4.googleusercontent.com/proxy/rp7kbhSEkt2d0KMddh9Xfxz4T_O3KiSOOs0KcjA0MjqIanqs1LT3e4ud8zFHXmpJajHxX29nFKQ4IvC6e2o56cTKrcRnSZsO_GaKt_qsBli51KBXEoCnN5oDO1B1-snz6QsKAH4lyom3N1vNnwgLV_TOA028mEF4jIysPO6HVtdHLIY3Q19PZV1iFluTQ0PY4Rg=-w150-h150-c […]

  2. […] deal is the second the agency has signed round Christmas, having additionally introduced the acquisition of Midlands-based Index Wealth Administration on Christmas […]

  3. […] deal is the second the firm has signed around Christmas, having also announced the purchase of Midlands-based Index Wealth Management on Christmas […]

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