Bringing you live news and features since 2006 

Tilney reports record AUM, revenues and profits


Financial planning and investment group Tilney has reported a 138 per cent increase in assets under management (AUM) to GBP22.4 billion (2015: GBP9.4 billion) for the year ended 31 December 2016.

The company also saw a 209 per cent increase in run-rate revenues to GBP213.1million (2015 reported revenues: GBP69.0 million); a 268 per cent increase in run-rate EBITDA to GBP64.7 million (2015 reported EBITDA: GBP17.6 million); and a 19 per cent increase in run rate EBITDA as a percentage of revenues to 30.4 per cent (2015 reported: 25.5 per cent).
Wadham Downing, Chief Financial Officer, says: “2016 was a record breaking year for Tilney with the landmark acquisitions of Towry and Ingenious Asset Management, and strong investment returns for our clients, propelling our assets under management 138 per cent higher to GBP22.4 billion. This has had a transformational effect on our turnover and earnings both on a reported and run-rate basis.
Had both businesses been owned by Tilney for the entirety of 2016, then adding on those earlier months on a pro forma basis EBITDA would have been GBP65 million – a threefold increase on 2015.  As integration synergies flow through and we bring the combined businesses onto one back office system, this will enable us to continue to grow not only our EBIDTA, but also demonstrate operational leverage through growing EBITDA margins up from the record 30.4 per cent level the business achieved in 2016.”
Peter Hall, Chief Executive Officer of Tilney, adds: “In addition to the successful delivery and integration of two major acquisitions in 2016, the year also saw an acceleration of organic growth in the original Tilney Bestinvest business. The gross new money per adviser of GBP10 million demonstrates the strong organic growth achieved at the same time as the Towry and Ingenious integrations were taking place.
“With a team of 328 advisers and a local office presence in 30 towns and cities across the UK, Tilney is now in a very strong position for the future. Our strategic vision is to become the UK‘s leading wealth management business with a dual expert approach that offers clients a highly professional and personalised service across both financial planning and investment management.
“After a landmark year in 2016 we have also had a great start to 2017. We have completed the restructuring of the business and Towry integration, launched a new ‘best of both’ client service proposition and are investing heavily in new technology solutions to enhance client experience. We have also initiated a major marketing campaign to raise our profile under the new Tilney branding and have an active recruitment programme for additional advisers. With these foundations in place, I am confident that we are exceptionally well positioned to deliver a great service to both existing and new clients right across the UK, whatever their financial needs.”

Latest News

Saving and investing app, Moneybox, has doubled the number of ETFs available on the platform, in the light of ‘growing..
Global X ETFs has announced the appointment of Ryan O'Connor as its Chief Executive Officer effective as of April 8, 2024. ..
Value-driven structured credit investing firm, Angel Oak Capital Advisors, LLC, has announced the completed conversions of two of its mutual..
Confidence in the continuing strength of bitcoin and Ethereum is driving wider interest in altcoins and other digital assets, according..

Related Articles

Graham MacKenzie, Toronto Stock Exchange
The evolution of ETFs has been a multi-decade experience for Toronto Stock Exchange says Graham MacKenzie, managing director, Exchange Traded...
Frank Koudelka, State Street Global Services
ETF data provider and ETF Express data partner, Trackinsight, has published its Global ETF Survey 2024 Report: ‘50+ Charts on...
Matteo Greco, Research Analyst at Fineqia International writes that bitcoin (BTC) ended the week at approximately USD52,150, showing a notable...
US Distribution Awards trophies
The winners of the first US ETF Distribution Awards at the Exchange conference, hosted by ETF Express and sponsored by...
Subscribe to the ETF Express newsletter

Subscribe for access to our weekly newsletter, newsletter archive, updates on the site and exclusive email content.

Marketing by