News

Tilney’s landmark year as group achieved record AUM, revenues and profits1

6th June 2017

Tilney, the award winning financial planning and investment group, today announces its full year financial results for the year ended 31 December 2016.

The key highlights include:

  • 138% increase in assets under management (AUM) to £22.4 billion (2015: £9.4 billion)

  • Completion of the acquisitions of Ingenious Asset Management (April 2016) and the Towry Group (July 2016)

  • 209% increase in run-rate revenues to £213.1million (2015 reported revenues: £69.0 million)2

  • 268% increase in run-rate EBITDA to £64.7 million (2015 reported EBITDA: £17.6 million)2

  • 19% increase in run rate EBITDA as a percentage of revenues to 30.4% (2015 reported: 25.5%)

  • Increase in number of advisers from 146 to 328 at year end

  • Increase in gross new money per adviser from £9.8 million to £10.0 million

  • Initiated a £15 million investment programme in new technology and systems to enhance client experience

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(1)) The Board regards adjusted EBITDA (Earnings Before Interest, Tax, Depreciation & Amortisation) as the most appropriate measure of the underlying financial performance of the business. Adjusted EBITDA excludes items that the Board sees as one-off and non-recurring (such as acquisition and integration related costs), as well as non-cash accounting charges (depreciation and amortisation).

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James Olley Montfort Communications +44 203 514 0897