Smith & Williamson and Rathbones in merger talks

Smith & Williamson and Rathbones in merger talks

The merger would take the form of a takeover by Rathbone and would give the combined company a value of £2bn

Top 10 firm Smith & Williamson and investment firm Rathbones Brothers are in advanced stages of talks for a potential merger that would give the combined company a value of £2bn.

The merger would take the form of a takeover by Rathbone, and would bring together 3,000 employees across both firms.

Rathbones has a market value of £1.4bn and £36.6bn in assets under management. Smith & Williamson are valued at £600m and have funds under management and advice worth £19bn. This would give them a combined wealth of assets worth over £55bn.

It is not clear who would lead the company following the merger.

In a statement, Rathbones confirmed talks were ongoing: “Whilst these discussions have been underway for some time and the boards of both Rathbones and Smith & Williamson are confident that the combination would bring meaningful benefits for the stakeholders of both businesses, discussions are ongoing and there can be no certainty any transaction will be agreed.”

Smith & Williamson made comments echoing those of Rathbones, confirming that talks were ongoing but that there were no guarantees that a deal will be reached.

Both firms said that any decision would be subject to the approval of shareholders.

Earlier this summer Smith & Williamson announced 13 partner promotions.

Whitepaper

The Future of Finance is in the CFO's Hands

Business The Future of Finance is in the CFO's Hands

4m
Save a Week a Month Consolidating Accounts

Accounting Software Save a Week a Month Consolidating Accounts

5m
Mitigating Risk Through Internal Control

Legal Mitigating Risk Through Internal Control

6m
Could tax season have run more efficiently?

Corporate Tax Could tax season have run more efficiently?

6m

Related Articles

Tilney and Smith & Williamson confirm merger talks

Mergers And Acquisitions Tilney and Smith & Williamson confirm merger talks

2d Chris Jewers
HW Fisher announce Compliance on Demand acquisition while Price Bailey partner with Ashtons Legal

Company News HW Fisher announce Compliance on Demand acquisition while Price Bailey partner with Ashtons Legal

2m Tom Lemmon
UHY Hacker Young group firm merges with Hare & Co

Mergers And Acquisitions UHY Hacker Young group firm merges with Hare & Co

5m Lucy Skoulding, Reporter
BDO and Moore Stephens LLP merger complete

Mergers And Acquisitions BDO and Moore Stephens LLP merger complete

7m Emanuela Hawker, Reporter
RSM GmbH and PKF Frankfurt merger

Mergers And Acquisitions RSM GmbH and PKF Frankfurt merger

8m Emanuela Hawker, Reporter
Strong strategy the key as big practice mergers get complicated

Mergers And Acquisitions Strong strategy the key as big practice mergers get complicated

8m Keith Underwood
Brexit having impact on M&A activity in AIM market?

Mergers And Acquisitions Brexit having impact on M&A activity in AIM market?

9m Emanuela Hawker, Reporter
Smith & Williamson merge with LHM Casey McGrath

Mergers And Acquisitions Smith & Williamson merge with LHM Casey McGrath

11m Lucy Skoulding, Reporter