Having just expanded its Midlands operation with the acquisition of Birmingham-based financial planner Webb Holton & Associates, the firm is now seeking to establish new offices in England and Scotland.
Furthermore, Tilney Bestinvest also outlined its intention to bring in additional personnel for its exiting branches in the near future.
A Tilney Bestinvest spokesperson said: “There are a number of hires in the pipeline over the next couple of months, and we are considering opening offices on the south coast of England and in Aberdeen. We have clients across the UK, and we want to be able to offer a truly national face-to-face network.”
The Webb Holton deal sees the addition of four financial planners, as well as a client pool with £200m third party-managed assets alongside six other staff.
Peter Hall, Tilney Bestinvest CEO, highlighted the desire to capitalise on increased demand for financial planning following the April pensions changes as the main driver behind the ongoing expansion.
“Building out our presence in financial planning across the UK is a key strategic priority for Tilney Bestinvest,” he said. “The integration of Webb Holton’s business represents a further milestone in this respect.
“We aim to be a leader in pensions in the UK and we are pursuing that strategy through a combination of new hires, office openings, acquisitions and our forthcoming partnership with Saga.”
The takeover comes just over months after the appointment of Stuart Layzell as Tilney Bestinvest CFO, and takes the firm’s financial planner recruitment spree to 11 hires since the merging of Tilney and Bestinvest in August 2014.
