Tilney Smith & Williamson to roll out hybrid digital advice service as assets double
Tilney Group closes out 2020 with £51.2bn in AUM following its merger with Smith & Williamson in September
Tilney Smith & Williamson is preparing to roll out a hybrid digital advice service as its assets under management nearly double following the completion of the merger.
The wealth manager reported a 6.7% increase in net inflows last year to £704m from £660m in 2019. It took in an additional £489m over the first quarter of 2021, according to its latest trading update.
Tilney Group’s assets under management almost doubled from £26.3bn in 2019 to £51.2bn at the end of 2020 after its merger with Smith and Williamson last September added £22.3bn to the pot, with total AUM finishing Q1 at £51.6bn.