Wealth management group Tilney Smith & Williamson has launched a succession programme to give financial advisers approaching retirement the opportunity to provide a new home for their clients.
The group said it “is keen to talk to advisers who don’t have a succession plan in place and wish to explore bringing their client book to the firm”.
The Tilney Smith & Williamson financial planning team now has around 300 financial planners.
As well as the merger between Tilney and Smith & Williamson in September 2020, the wealth manager has completed a number of smaller acquisitions, including Guildford-based investment and financial advisory firm HFS Milbourne, Index Wealth Management in the Midlands and the wealth management arm of Moore Stephens.
Richard Dawes, head of strategic partnerships at Tilney Smith & Williamson said: “We know financial advisers care about their clients – many of whom they count as friends – and will want them to find a quality home and put in place a succession plan as they themselves look to retire.
“Financial advisers understandably are already very busy providing financial planning services for their clients and so often don’t have the time to think about the long-term future of their businesses. Our new programme aims to take the stress out of succession planning and provide a great home for advisers and their clients.
“We are really well placed to help retiring advisers because of the breadth of our geographic footprint, the quality of our proposition and our commitment to bespoke services. Given the investments we have made in technology and our track record successfully integrating advice businesses in recent years, we have the experience and systems to make the handover process extremely smooth for advisers and their clients.”
