Smith & Williamson
PEOPLE MOVES: Schroders PW, Ashburton Investments, WH Ireland
CEOs named at both financial planning and asset management firms
Tilney and Smith & Williamson to join forces after failed deal
Merger values the combined business at approximately £1.8bn
Mini-bond investors told to expect just 25% refund
As administrator prepares to undertake a ‘significant number of legal actions’ that may take years
Tilney in talks to acquire Smith & Williamson
Discussions are taking place to resurrect a deal that failed in 2017
Sipp provider in administration sold to pension firm
All members of staff will be protected as they will move over to acquiring company