The largest shareholder in Smith & Williamson has indicated it expects the firm's merger with Tilney to proceed at the agreed £625 million price, despite a block from the UK regulator.
In January the Financial Conduct Authority (FCA) “raised a number of [unspecified] issues” with the proposed deal, which would see 1881-founded wealth management and professional services firm S&W merge with private equity-backed wealth manager Tilney.
The deal would create a wealth manager with about ...
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