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Tilney keeps its eyes on the buys as revenue rockets

Tilney keeps its eyes on the buys as revenue rockets

Tilney Group revenues rocketed 68% to £226.5 million in the year to December 2017, boosted by rising assets and highers fees from financial planning and investment management. 

The company's assets reached £24.1 billion over the period, up 60% year-on-year, of which 75% is in discretionary mandates. The firm saw inflows of £3.2 billion, up from £1.9 billion in 2016. 

It added that it was on track to complete its new technology platform, following £15 million in capital investment. 

Tilney chief executive Chris Woodhouse (pictured) said that while continuing to recruit both financial planners and investment managers, the company is also exploring potential acquisition opportunities 'where the fit is right'.

'After a record 2017, Tilney is in really great shape.' he said. 'We are exceptionally well positioned for continued growth with a full-service offering able to meet the needs of different clients, the ability to combine the benefits of scale with a highly personalised service delivered from offices across the UK and strong investment track records.

'Our integrated model of offering financial planning alongside whole-of-market investment management is a powerful combination, allowing us to provide our clients with a truly joined-up and holistic wealth management service.'

 

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