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Tilney Bestinvest posts £17.6m* profits in 2015 ahead of transformational acquisitions

27 May 2016

Leading UK investment and financial planning group Tilney Bestinvest is pleased to announce that the Group generated a profit of £17.6 million* for the 12-months to 31 December 2015. This represented the first full year of trading since the merger of Tilney and Bestinvest in August 2014.

Despite a weaker year for equity markets, which saw the average level of the FTSE 100 Index some 1.6% lower in 2015 than in the previous year, Tilney Bestinvest saw its AUM rise 4.5% to £9.4 billion (31 December 2014: £9 billion). The Group generated revenues of £69.0 million compared to pro forma full-year revenues of £67.6 million in 2014 from the Tilney and Bestinvest businesses. This resilient performance was underpinned by a combination of £630 million of net new assets, representing 7.2% growth on opening assets, as well as strong relative investment performance across managed portfolios compared to peers (see notes to editors). Some 62% of Tilney Bestinvest’s assets are managed through a combination of bespoke discretionary accounts, a centralised managed portfolio service and its Multi-Asset Portfolio OEIC range.

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