Founded in Glasgow in 1881, the firm has grown and evolved over the years to offer a wide range of complementary services.
Smith & Williamson merged with NCL (Securities) Limited (incorporating Cunningham Coates in Northern Ireland) in 2002 and with Solomon Hare, a UK accounting and financial advisory firm in 2005. These mergers, along with the 2011 acquisition of the tax business of Begbies Traynor, have contributed to our growth and success.
On 1 September 2020, Tilney and Smith & Williamson completed its merger with Tilney Group and the combined business was renamed Tilney Smith & Williamson. As a result, Cunningham Coates is now trading as Smith & Williamson, which is part of the Tilney Smith & Williamson Group.
The merger created the UK’s leading integrated wealth management and professional services group with over £47 billion of assets under management (AUM) and circa £530 million of pro forma revenue. Tilney Smith & Williamson is the third-largest UK wealth manager when ranked by revenues1 and fourth when measured by AUM. It is also the sixth-largest UK professional services group by fee income.
The merged business has considerable depth of expertise with approximately 290 investment managers, 265 financial planners and more than 140 professional services partners and directors located across an extensive office network in the UK, as well as in the Republic of Ireland and the Channel Islands.View the full merger press release here
1 Excludes revenues outside of wealth management services, eg, banking and asset management. Tilney’s wealth management revenues include both discretionary investment management and financial planning fees.