Tilney Bestinvest announces that it has successfully completed the acquisition of the Towry group. The acquisition was first announced on 4 April 2016, subject to regulatory approval.
The completion of the transaction has created a leading UK wealth management group with over £20 billion of assets under management and administration. The enlarged group offers a comprehensive range of services including financial planning, investment management and advice and, in Bestinvest, a state-of-the-art online service for self-directed investors. The combined business now has over 240 financial planners and 120 investment managers, operating from a network of more than 30 offices across the UK. There will be no immediate changes to branding at either Tilney Bestinvest or Towry.
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