The UK’s eighth largest accountancy firm, Smith & Williamson is to merge with Dublin-based accountants, tax and business advisers, Oliver Freaney.

The combined firm will have an annual fee income of more than £175 m (€221 m) and employ 1500 people across all offices.

‘Ireland is becoming increasingly attractive as a base for both individuals and corporates. Our expertise spanning private client and investment management along with accounting, tax and corporate advisory enables us to support Oliver Freaney in expanding its offer to clients,’ said Gareth Pearce, chairman of Smith & Williamson.

Smith & Williamson business includes an investment management business with £9bn funds under management and advice, making it one of the largest private client
investment managers in the UK.

Paul Wyse, Oliver Freaney & Company’s managing partner, who will continue to
lead the Dublin-based practice, said: ‘This merger creates a powerful
independent alternative to the national firms, bringing more opportunities
for clients and staff alike.’

Oliver Freaney & Company, which celebrates its 50th anniversary in 2008,
has a staff of 75 with seven partners offering accountancy, tax and business advice to entrepreneurs.