Tilney Bestinvest posts profits of £17.7m* in 2014

18 May 2015

Investment and financial planning group Tilney Bestinvest is pleased to announce that, on a full-year pro forma basis the combined Group generated profits of £17.7 million* for the 12-months to 31 December 2014.

Together the Tilney Bestinvest companies had combined revenues of £67.6 million, 79% higher than the £37.7 million generated by the standalone Bestinvest business during the 2013 calendar year. Assets under Management and Administration (AUM) closed at £9 billion on 31 December 2014, some 76% high than the £5.1 billion Bestinvest had at 31 December 2013.

Peter Hall, Chief Executive of Tilney Bestinvest said: "The integration of the two businesses has gone exceptionally well and it is pleasing to note that almost half of our staff have invested in the business. Our greater scale means we are now investing heavily in new systems and people which will further enhance the services we provide to clients. Importantly investment performance has remained strong. We have made some very high quality new hires in recent months across different teams but with a particular, on-going focus on recruiting additional financial planners across the UK. The combined Tilney Bestinvest business, with some £9 billion of client assets under management and a nationwide presence, offers a comprehensive range of services to suit clients at each stage of their lives. Whether our clients want a managed or advised investment solution, prefer to make their own investment decisions, or require bespoke financial planning, we are in an excellent position to support them."

*Earnings Before, Interest, Taxation, Depreciation & Amortisation is regarded by the Board as the most appropriate measure of underlying performance and equates to the profit figure referred to above. Tilney was combined with the Bestinvest group on 1 August 2014.

Click the PDF icon to download the full release.

Media contacts

Nina Suter Head of Communications - Director +44 (0) 207 632 4037

Related News & Views

Tilney announces year of strong financial performance and strategic progress

11 April 2019

Tilney acquires Moore Stephens’ UK wealth business

21 December 2018

Tilney boosts presence in Midlands with acquisition of Index Wealth Management

19 December 2018

Tilney appoints Andrew Baddeley as Group Chief Financial Officer

05 August 2018

Tilney announces record year with profits doubled and a 62% increase in new business

04 July 2018

Tilney Group appoints Chris Woodhouse as CEO

03 October 2017

The financial services industry has been changing rapidly

12 June 2017

Tilney’s landmark year as group achieved record AUM, revenues and profits

06 June 2017

Tilney Bestinvest rebrands as the Tilney Group

30 January 2017

Tilney Bestinvest appoints Will Samuel as Chairman

03 January 2017

Tilney Bestinvest completes acquisition of Towry

28 July 2016

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

27 May 2016

Tilney Bestinvest to acquire Towry

04 April 2016

Tilney Bestinvest to boost investment management presence with acquisition of Ingenious Asset Management

05 February 2016

Tilney Bestinvest announces acquisition of Webb Holton

26 August 2015

Play Button

Tilney Group and their ambition to become the preeminent player in the UK wealth management

01 July 2015

Saga and Tilney Bestinvest to create a new investment and financial planning service for the UK’s over 50s

15 January 2015

Merger of Tilney and Bestinvest completes, creating leading £9bn investment and financial planning group

04 August 2014

The Permira Funds complete the acquisition of Bestinvest

28 March 2014

Permira Funds to acquire Tilney

27 February 2014

Bestinvest acquired by the Permira Funds

06 November 2013