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Lumin Wealth buys IFA Hyperion
24
Dec

Tilney acquires two firms in December

Tilney has expanded its reach in the Midlands and London respectively with the purchase of Index Wealth Management and Moore Stephens. Tilney’s assets under advice have now increased by over £580m, with Index Wealth Management contributing £243m and Moore Stephens adding £340m. Stephen Humphreys of Moore Stephens, who will transfer to Tilney during the merger, spoke with optimism on the acquisition:
“We are very excited to be joining Tilney and have been impressed with the firm’s depth of expertise in both financial planning and investment management.
“Tilney also has a lot of experience advising the clients of both accountancy firms and lawyers, so the understanding and cultural fit between our team and their businesses really is excellent.
“The transfer will enable us to provide continuity of service to our clients but as part of a major standalone wealth management group.”
Chief executive of Tilney, Chris Woodhouse, commented that Tilney is actively seeking further acquisitions:
“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.
“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.”