The boards of Smith & Williamson and Tilney have announced that they have reached agreement to combine their respective businesses. The merged business, which upon completion will be named Tilney Smith & Williamson, focusing on private clients, businesses and charities.
The combination of Tilney and Smith & Williamson brings together two of the UK’s longest established wealth management and professional services businesses, founded respectively in 1836 and 1881.
Smith & Williamson shareholders will receive consideration valued at £625 million(1), to be satisfied through a combination of cash co...