The combined group now offers funds and services ranging from execution-only brokerage, through advisory and full discretionary investment management responsible for a total of £9bn.
“Our diversified model means we can support clients through their financial lives as their circumstances and needs change,” chief executive Peter Hall said.
“We are able to capitalise on both the financial planning and in-retirement investment management opportunities created by the ‘pension revolution’, participate in the growth of self-directed investing and through our Tilney for Intermediaries business can support other firms of financial advisers looking for a partner who can provide their clients with strong performing investment solutions.”
In November last year, Permira bought Deutsche Bank’s Tilney wealth management business, and in February earlier this year announced that it would merge the business with Bestinvest.
Deutsche Asset & Wealth Management will continue to look after its London-based clients, with Bestinvest already having strong presence in the capital.
