Tilney Bestinvest announces new Charities division

Tilney Bestinvest announces new Charities division

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Julia Grimes
Published: 08 Sept 2014 Updated: 03 May 2016

Following the completion of the merger between Tilney and Bestinvest last month which created a leading UK-wide investment manager with £9 billion of assets under management, the group has announced the investment team behind its newly established charities division. The team, headed up by Managing Director, Paul Frame, manages over £600m for charity clients across the UK and is targeting significant growth in this area. The regional team structure allows for clients to receive a personalised investment service with direct contact to the investment manager in charge of the account.

Paul is supported in the management of the charities team by the regional team heads, Caroline Connell, Robin Adamson, Jason Haworth and Stephen McClymont as well as fellow Managing Directors, Duncan Brookes and John Mulhern. The charity team’s investment process is overseen by Chief Investment Officer Gareth Lewis.

The team has an average of over 20 years’ experience in managing and advising charities in respect of their finances and will build on the experience Tilney Investment Management has had managing charity portfolios since 1836. The former Bestinvest team has been managing charitable funds for more than ten years.

Tilney Bestinvest’s charities division offers both discretionary and advisory services to meet the different requirements of trustees. The discretionary service provides the freedom and flexibility to build a customised investment solution to meet the precise needs of the individual charity.

With the advisory service, the team will support trustees with asset allocation, fund and stock selection recommendations, with the final decisions remaining with the trustees. Both services are managed or advised on an on-going basis making full use of Tilney Bestinvest’s extensive research capabilities and expert investment selection.

With many charities also requiring a responsible investment overlay, Tilney Bestinvest has appointed EIRIS to support it with ethical screening. The research, which provides in-depth analysis of around 3,500 companies globally, allows the Tilney Bestinvest team to invest in line with their client’s own environmental, social and governance issues.

Paul Frame, Managing Director at Tilney Bestinvest commented: “The investment requirements of a charity are often complex, encompassing the need for income, growth or capital preservation or indeed a blend. But alongside this many charities require their investments to be managed in accordance with very specific non-investment criteria, such as ethical or governance-related factors. The team at Tilney Bestinvest has considerable experience understanding the requirements of UK charities and working with trustees to meet objectives and deliver strong returns in accordance with their required policies.”

“We believe that consistent investment performance for charity clients requires a robust, structured and disciplined investment process that is built on in-house expertise. Given both the size and experience of our team, we believe we are exceptionally well-placed to deliver this and therefore see charities as a strategically important area for Tilney Bestinvest over the coming years.”

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Important information:

This article is not advice to invest or to use our services. Investments can go down as well as up.

Press contacts:

Jason Hollands
0207 189 9919
07768 661 382

Roisin Hynes
020 7189 2403
07966 843 699

About Tilney Bestinvest

Tilney Bestinvest is a leading investment and financial planning firm that builds on a heritage of more than 150 years. We look after more than £9 billion of assets on our clients’ behalf and pride ourselves on offering the very highest levels of professional client service with transparent, competitive pricing across our entire range of solutions.

We offer a range of services for clients whether they would like to have their investments managed by us, require the support of a highly qualified adviser, prefer to make their own investment decisions or want to take more than one approach. We also have a nationwide team of expert financial planners to help clients with all aspects of financial planning, including retirement planning.

We have won numerous awards including UK Wealth Manager of the Year, Low-cost SIPP Provider of the Year and Self-select ISA Provider of the Year 2013, as voted by readers of the Financial Times and Investors Chronicle. We are pleased that our greatest source of new business is personal referrals from existing clients.

Headquartered in Mayfair, London, Tilney Bestinvest employs almost 400 staff across our network of offices, giving us full UK coverage, and we combine our award-winning research and expertise to provide a personalised service to clients whatever their investment needs.

The Tilney Bestinvest Group of Companies comprises the firms Bestinvest (Brokers) Ltd (Reg. No. 2830297), Tilney Investment Management (Reg. No. 02010520), Bestinvest (Consultants) Ltd (Reg. No. 1550116) and HW Financial Services Ltd (Reg. No. 02030706) all of which are authorised and regulated by the Financial Conduct Authority. Registered office: 6 Chesterfield Gardens, Mayfair, W1J 5BQ.

For further information, please visit: www.tilneybestinvest.co.uk


This release was previously published on Tilney Smith & Williamson prior to the launch of Evelyn Partners.