Tilney goes on adviser hiring spree

Tilney goes on adviser hiring spree

Tilney has said it wants to grow by hiring financial advisers during 2018.

Andy Cowan, the company's head of financial planning, said Tilney wanted to become the "employer of choice" for the advice business.

He said: "Our door is always open to advisers who share our client focused ethos and commitment to the highest standards of professionalism and who see the benefits for being part of a bigger, UK wide group."

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Earlier this year Tilney bought Manchester-based Midas Investment Management, which manages £162m of client assets through discretionary, advisory and execution-only mandates, and runs an inheritance tax planning portfolio service.

After several years of growth through the acquisition of rivals, Tilney now looks after £23bn of client assets, according to the firm.

Tilney Group was created by the merger of Tilney and Bestinvest in May 2014. 

Last year the enlarged group grew further with the acquisition of wealth management firm Towry for a widely reported figure of £600m in October last year.

Mr Cowan said: "Despite a considerable focus on integration, however, the business has pleasingly seen significant organic growth during 2017. We have also been the recipients of a range of service awards, of which we are very proud, and more importantly delivered first class investment returns for clients."

He added: "At the core, our business objectives for 2018 remain the same; to help our clients set realistic goals and then work with them to help realise their life objectives by developing financial plans which optimise the effectiveness of their wealth in underpinning those goals.

"Our strength and depth in analysis and expertise ensure our clients’ plans keep pace with a changing world, and that our advice continues to be fit for purpose and relevant."

Addressing some of the new rules which come into effect in 2018 - such as Mifid II and the General Data Protection Regulation, Mr Cowan said Tilney's planning for these rules coming into force was "well advanced".

But he added: "In addition, we are developing digital solutions which will increase clients’ optionality in engaging with us in new, more convenient and more interesting ways."