Bringing you live news and features since 2006 

Tilney Smith & Williamson eyes significant opportunities with European advice firms in post-Brexit landscape


Wealth manager Tilney Smith & Williamson is eyeing significant new business opportunities in Europe following the UK’s departure from Europe’s regulatory framework.

While most UK-based discretionary investment managers have found themselves shut-out of the market since the start of the year, Tilney Smith & Williamson, through its group structure and regulated subsidiaries, is unusually well-placed to continue to support financial advisers operating in Europe and their clients.

The push to extend its presence working with IFAs operating in Europe follows on from Tilney beefing up its international business development team last year on the eve of the merger with the recruitment of Maurice Keane as Head of International Business Development and colleague Jeremy Bezant from Rathbone Brothers. Working alongside Hariette Collings, Director, Business Development the trio have hit the ground running developing relationships with international firms of IFAs. In respect of IFAs operating in Europe, the opportunities have, unusually, improved since the UK left the EU as the competition from other UK-based discretionary managers has rapidly faded.

Maurice Keane, Head of International Business, says: “There has been a considerable amount of regulatory change in European in recent years, with certain local regulators determining that advisers must be regulated in the same jurisdiction as the client. With the UK having now left the EEA and Europe’s regulatory framework, the same regulators and pension trustees are now insisting that discretionary fund managers are also regulated in Europe.
“The UK has long been the go-to market for discretionary fund management groups, but the regulatory consequences of Brexit have had a profound effect on the ability of most UK-based discretionary fund managers, who are exclusively regulated by the FCA, to continue to operate in Europe and work with EU-based advisers. But for us as group, this has, frankly, created a fantastic opportunity.

“The Tilney Smith & Williamson group, is in an incredibly strong position in the post-Brexit landscape. Through Smith & Williamson Investment Management (Europe) Limited, a MiFID-authorised subsidiary regulated by the Central Bank of Ireland, we have an EU-domiciled hub with full MiFID passporting rights for the investment management services it provides from Dublin and an EU-based custodian in place. For unitised solutions, we also have a comprehensive suite of Dublin-domiciled OEIC funds in the Tilney Active Portfolios and Global Active Portfolios, which can be accessed by EU-based clients.

“This incredibly advantageous position when coupled our excellent investment pedigree as one of the largest private client investment managers means that we are pushing at an open door with European IFAs.”

Latest News

Morningstar has published a review of the European ETF market for the first quarter 2024, which finds that it gathered..
ETF data consultant ETFGI reports that assets invested in the global ETF industry reached a new record of USD12.71 trillion..
Calastone has published an ETF white paper which examines several of the processes that take place across the lifecycle of..
Adapting product lines to fit into changing methodologies and meet shifting demand is essential to remaining relevant in the industry..

Related Articles

Kristen Mierzwa, FTSE Russell
Index Investments Group (IIG), a division within index provider FTSE Russell, has extended its range of indices through two new...
US ETF issuers of active ETFs are facing an increase in fees from the big custodian firms, such as Charles...
Taylor Krystkowiak, Themes ETFs
Themes ETFs opened its doors in December 2023, with an introductory suite of 11 ETFs – seven thematic and four...
Konrad Sippel, Solactive
At the end of March, financial index specialist, Solactive, published its 2024 annual report on future trends.  ...
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