Tilney Smith & Williamson (TSW) has bought Surrey-based financial and investment advisory firm HFS Milbourne for an undisclosed sum.
HFS Milbourne was created in 2005 from the merger of Milbourne Financial Services and Hayden Financial Services, and is led by joint managing directors Rod Milne and Colin Hayden-Cook.
It has 30 members of staff and around £450m in assets under influence.
The acquisition strengthens TSW’s presence in Surrey, where it currently has more than 100 professionals.
Following completion of the deal, the entire HFS Milbourne team will join TSW’s in financial planning businesses in Guilford to provide clients continuity with their adviser relationships.
Long-term business plan
Tilney Smith & Williamson group chief executive Chris Woodhouse (pictured) said: “Colin and Rod have built a high-quality, client-focused business over many years that they can rightly be very proud of.
“HFS Milbourne are joining the group at a time when the importance of getting sound, expert advice has arguably never been greater given the impact of the pandemic.”
Milne added: “Tilney Smith & Williamson stood out above other potential acquirers with its breadth of services and successful track record of combining advice businesses.”
Hayden-Cook said: “As part of the larger group, our clients will benefit from the un-doubted advantages that much greater scale brings in terms of systems, resources and expertise, while also allowing us to remain focused on the thing that is most important to us: supporting our clients with highly-personalised financial advice.”
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