Wealth manager and Financial Planner Tilney Smith & Williamson is targeting retiring financial advisers who want to transfer their client books to Tilney.

The 'succession programme' is specifically aimed at financial advisers approaching retirement. 

Tilney says it is keen to talk to advisers who do not currently have a succession plan in place and want to consider moving their client book to the firm to ensure an orderly and a “gradual handover” of relationships.   

Tilney says that recent research has suggested typical financial advisers are aged in their mid to late 50s and over half have no succession plan in place when they retire.

The Tilney Smith & Williamson Financial Planning team now has 300 Financial Planners following the merger between Tilney and Smith & Williamson in September 2020.

Since then the firm has made a number of smaller acquisitions, including Guildford-based investment and financial advisory firm HFS Milbourne, Index Wealth Management in the Midlands and the wealth management arm of Moore Stephens. 

Richard Dawes, head of strategic partnerships at Tilney Smith & Williamson, said: “We know financial advisers care about their clients – many of whom they count as friends – and will want them to find a quality home and put in place a succession plan as they themselves look to retire. 

“Financial advisers understandably are already very busy providing Financial Planning services for their clients and so often don’t have the time to think about the long-term future of their businesses. Our new programme aims to take the stress out of succession planning and provide a great home for advisers and their clients.  

“We are really well placed to help retiring advisers because of the breadth of our geographic footprint, the quality of our proposition and our commitment to bespoke services.”