TILNEY ACQUIRES EDINBURGH-BASED FINANCIAL PLANNING FIRM
Capital and Trust - May 11, 2022 -
Tilney Smith & Williamson, one of the UK’s largest integrated wealth management and professional services groups has purchased Capital Risk Management as well as the owner of Capital Risk Management’s appointed representative firm, MP2 Financial.
Both businesses, who are currently based in Coates Crescent in Edinburgh, provide financial planning, retirement and investment planning services to individuals, families, businesses and trustees.
John Mortimer the owner of Edinburgh-based MP2 Financial Limited will be joining the offices in Edinburgh along with directors Grant Walker and Willie Crockett, as well as eight staff from Capital Risk Management.
Director of MP2 Financial, John Mortimer said: “I am delighted to be joining Tilney Smith & Williamson and look forward to working with them over the next two years. This move will provide my clients with security in the knowledge that they will benefit from the resources of a national wealth management firm but at a local level as Tilney Smith & Williamson continue to expand throughout Scotland and the rest of the UK.”
Grant Walker and Willie Crockett added: ”We are proud of the business that we have built up in the last nine years and last year we began to think carefully about the future. We have come to recognise the benefits of being part of a bigger group with significant resources.
From the outset, the team at Capital Risk Management has been committed to providing the highest level of expertise and service to all our clients so the bar was high in choosing a long-term home for our clients and colleagues.”
The sum has yet to be disclosed.
Tilney Smith & Williamson will be re-branding to Evelyn Partners this summer.
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What this acquisition means for the buyer
For Tilney Smith & Williamson, the acquisition of Capital Risk Management and MP2 Financial supports continued expansion of its financial planning presence in Scotland. By bringing in established Edinburgh-based firms with existing client relationships and advisory teams, the transaction adds both local market depth and additional planning capability within a key regional hub.
The involvement of existing directors and staff from both businesses may support continuity for clients during the transition, while enabling integration into a larger national wealth management group. This type of structure is often used in transactions where maintaining established client relationships is a priority alongside broader operational alignment.
The acquisition also sits within a wider period of growth and consolidation for the group, which has been increasing its footprint across the UK under a unified wealth management and professional services model.
What this means for sellers in the sector
For financial planning business owners, this transaction highlights continued demand from large integrated wealth management groups seeking to strengthen regional coverage. Firms with established local client bases and experienced advisory teams may be of particular interest where continuity and long-term client retention are priorities.
The involvement of existing leadership post-transaction also reflects how some deals are structured to allow founders and senior advisers to remain involved for a transition period. For sellers, this may provide an opportunity to balance realising value with ensuring continuity for clients and staff.
Market trend context
The UK wealth management sector continues to consolidate, with larger firms expanding regional presence through the acquisition of established financial planning businesses. Scotland and other regional markets have seen increased activity as national firms seek to build local hubs supported by centralised investment and operational infrastructure.
There is also a growing trend towards integrated wealth management models, combining financial planning, investment management, and professional services under a single group structure. This is often supported by phased integration approaches designed to maintain client relationships during ownership transitions.
How Capital & Trust typically supports transactions like this
Capital & Trust acts as a business broker, identifying and introducing potential acquisition opportunities to firms seeking to expand their geographic presence or service capability. The firm facilitates introductions between parties and supports the initial stages of engagement where there is mutual interest.
Where appropriate, Capital & Trust may assist in coordinating communication between buyers, sellers, and their appointed professional advisers during early discussions. Its role is limited to originating and facilitating introductions, while all regulated financial, legal, and technical matters are handled by external advisers engaged directly by the parties.
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