Business News

Southampton: Rathbones in merger talks with Smith & Williamson

Published by
TBM Team

Rathbone Brothers, the wealth manager, is in merger talks with accountancy firm Smith & Williamson, which has an office in Southampton. If agreed, the £2 billion merger would create a group with £56b of assets under management.

Smith & Williamson offers accountancy, investment and tax services. It also has offices in Salisbury and Guildford, as well as London and other parts of the UK.

The firm recently announced that it had secured a personal tax team, which had come across from rival Grant Thornton. The team of nine joined Smith & Williamson in what was considered a significant coup for the firm locally.

Rathbones' merger with Smith & Williamson would create a combined firm with nearly 3,000 staff. Rathbones is a FTSE250 company, while Smith & Williamson is said to be valued at £600 million.

 

TBM Team

Recent Posts

Halma acquires safety tech firm MK Test in £44m deal

Buckinghamshire tech company Halma has acquired transport safety firm MK Test Systems Limited. Headquartered in…

2 days ago

Paragon Bank provides finance for West Sussex housing development

BRiCS Development has secured an £11.55 million finance facility with Paragon Bank’s Development Finance team…

2 days ago

IT firm Mintivo appoints new Managing Director

IT services and solutions company Mintivo has appointed Alex Jukes as its new Managing Director…

2 days ago

Bartlett Tree Experts to build new research facility in Wokingham woodland

Bartlett Tree Experts have announced its intention to build a new arboretum and research facility…

2 days ago

New £3m imaging system to be developed at University of Surrey

The creation of a first-of-its-kind imaging system at the University of Surrey could help the…

2 days ago

New chair of trustees at Open Sight Hampshire

Open Sight, which provides support across Hampshire to those living with or at risk of…

2 days ago