TBI completes acquisition of IAM

Tilney Bestinvest, the award winning investment management and financial planning group, announces that it has successfully completed the acquisition of Ingenious Asset Management (IAM). The acquisition which was first announced on 5 February 2016 had been subject to regulatory approval.

With the completion of the transaction, all IAM staff have today relocated to Tilney Bestinvest’s offices in Mayfair, London. IAM has been renamed Tilney Asset Management and along with the group’s Investment Management and Financial Planning teams will operate under the “Tilney” brand. As result of the acquisition Tilney Bestinvest’s assets under management and administration increase to over £11 billion, predominantly in managed portfolios. Guy Bowles, formerly Chief Executive of Ingenious Asset Management, becomes Head of Investment Management (London) for Tilney with immediate effect.

Peter Hall, Chief Executive of Tilney Bestinvest, commented: “We are delighted to have completed this deal and to welcome our new colleagues to Chesterfield Gardens. The team at IAM are very high quality professionals and their investment approach is complementary to our own so we believe this represents an excellent combination. Importantly it significantly bolsters our Investment Management team in London and further deepens our presence in the high net worth and ultra-high net worth client segments.”

Important information

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