Deals
Tilney Tie-Up With Rival Would Create $55 Billion Wealth Manager
- Private-equity firm Permira Advisers bought Tilney in 2014
- Consolidation is quickening among British wealth managers
This article is for subscribers only.
Plans to merge Tilney Group Ltd. and Smith & Williamson would turn two wealth managers with more than three centuries of history into one of the largest in the U.K.
The combination would create a firm with more than 45 billion pounds ($55 billion) in assets under management, roughly the same as UBS Group AG’s U.K. wealth arm and Cazenove Capital, according to a December 2018 Citywire ranking of wealth firms.