Bestinvest

Last updated

Bestinvest
Company type Private
IndustryFinancial services
Founded1986;38 years ago (1986)
Headquarters45 Gresham Street,
London
,
UK
Area served
United Kingdom
Key people
Paul Geddes (businessman) (CEO),
Mayank Prakash (COO)
Products ISA, SIPP, Income drawdown, Investment
AUM £3 billion
Parent Evelyn Partners
Website bestinvest.co.uk

Bestinvest is an investment and a financial coaching company based in London. It provides execution-only investment services predominantly to private investors, as well as financial planning, investment management and investment advisory services as part of the Evelyn Partners Group. [1] [2]

Contents

History

The company was founded in 1986 by John Spiers. [3]

The company promoted the use of online fund supermarkets and established a Discretionary Investment Management arm. In July 2007 it was bought by management and 3i. [4] The company acquired HW Financial Services, the financial services arm of Haines Watts the accountancy group, in January 2010. [5]

In November 2013, Bestinvest received the backing of private equity firm Permira. [6]

In February 2014, Permira agreed to buy the investment manager Tilney from Deutsche Bank with the ambition of creating a wealth manager with 9 billion of assets. After completion of the deal in May 2014 Bestinvest and Tilney combined to create Tilney Bestinvest. [7] Bestinvest remained as a separate brand focusing on execution-only investing whilst Tilney was introduced as a brand focusing on Investment Management and Financial Planning. [8]

In June 2022, following Tilney's merger with Smith & Williamson, [9] the group rebranded to Evelyn Partners. Bestinvest was retained as a separate brand. [10]

Operations

The company provides execution-only investment services to self-directed investors. It also offers investment advice, discretionary investment management and financial planning services to individuals and companies, charities and other financial institutions through the wider Evelyn Partners group. Available products include Individual Savings Accounts (ISA), unit trusts, Self-invested personal pensions (SIPP) and Venture Capital Trusts (VCT). [11]

Related Research Articles

<span class="mw-page-title-main">3i</span> British multinational private equity and venture capital company

3i Group plc is a British multinational private equity and venture capital company based in London, England. 3i is listed on the London Stock Exchange and is a constituent of the FTSE 100 Index.

Dean Witter Reynolds was an American stock brokerage and securities firm catering to a variety of clients. Prior to the company's acquisition, it was among the largest firms in the securities industry with over 9,000 account executives and was among the largest members of the New York Stock Exchange. The company served over 3.2 million clients primarily in the U.S. Dean Witter provided debt and equity underwriting and brokerage as mutual funds and other saving and investment products for individual investors. The company's asset management arm, Dean Witter InterCapital, with total assets of $90.0 billion prior to the acquisition, was one of the largest asset management operations in the U.S.

Kroll is a financial and risk advisory firm established in 1932 and based in New York City. In 2018, Kroll was acquired by Duff & Phelps. In 2021, Duff & Phelps decided to rebrand itself as Kroll, a process it completed in 2022.

<span class="mw-page-title-main">Permira</span> Global investment firm

Permira is a British global investment firm specialised in buyouts, growth funds, equity funds, and credit funds. Founded in 1985 as part of Schroders, it became independent in 1996. Operating as Permira since 2001, the company became one of the largest buyout specialists. As of 2024, Permira advises funds with total committed capital of €80 billion, which have invested in more than 300 companies worldwide. The company employs over 470 people in 15 offices across Europe, North America and Asia.

<span class="mw-page-title-main">CVC Capital Partners</span> British private equity and investment advisory firm

CVC Capital Partners plc is a Jersey-based private equity and investment advisory firm with approximately €186 billion of assets under management and approximately €157 billion in secured commitments since inception across American, European, and Asian private equity, secondaries, credit funds and infrastructure. As of 31 December 2021, the funds managed or advised by CVC are invested in more than 100 companies worldwide, employing over 450,000 people in numerous countries. CVC was founded in 1981 and, as of 31 March 2022, has over 850 employees working across its network of 25 offices throughout EMEA, Asia and the Americas.

Smith & Williamson was a United Kingdom financial and professional services firm. It was acquired by wealth manager, Tilney, in 2019 and the enlarged firm was rebranded as Evelyn Partners in 2022.

Tilney was a financial planning and investment firm in the UK. It acquired financial advisors, Smith & Williamson, in 2019 and the enlarged firm was rebranded as Evelyn Partners in 2022.

Huntsworth Plc is an international healthcare and communications group.

SVG Capital was a leading British private equity and investment management business. Headquartered in London, it was listed on the London Stock Exchange.

MidOcean Partners is a New York–based alternative asset management firm that specializes in mid-sized private equity and alternative leveraged investments.

Charterhouse Capital Partners is a London based private equity investment firm focused on investing in European mid-market companies valued between €200m and €1.5bn. The company targets investments across the services, healthcare, specialised industrials and consumer sectors.

Jonathan Paul Moulton is a British venture capitalist. He is the founder and managing partner of the private equity firm Better Capital, and is the former managing partner of the private equity firm Alchemy Partners. He is an active private investor and has been working in private equity since 1980. Moulton regularly writes, broadcasts and speaks on corporate finance and financial matters. His career has also included spells running Citicorp Venture Capital, Schroder Ventures (Permira) and the buy-out group of Apax, as well as being a director of numerous public and private companies.

<span class="mw-page-title-main">GLG Partners</span>

Man GLG is a discretionary investment manager and a wholly owned subsidiary of British alternative investment manager Man Group plc. It is a diversified and multi-strategy fund manager that operates strategies including equity long-short funds, convertible arbitrage funds, emerging market funds and long-only mutual funds. The firm is also a founding member of the Hedge Fund Standards Board and a signatory of the Principles for Responsible investment. As of 2022, Man GLG had $35.4 billion assets under management.

<span class="mw-page-title-main">Capvis</span> Company

Capvis is a private equity firm focused on leveraged buyout and growth capital investments in middle-market companies across a range of industries in the Industrial Corridor of Europe.

Cork Gully is a financial and operational restructuring advisory firm headquartered in London. The firm specialises in business transformation, restructuring and special situations, such as the management of tail-end and/or challenged funds, as a sub-advisor or successor asset manager.

Peter Martin Harkness is a British media entrepreneur and investor. A former journalist, he is as of May 2023 a director of the business data specialist GlobalData plc.

Octopus Capital Limited, trading as Octopus Group, is a privately held United Kingdom based holding company founded in 2000 by Simon Rogerson, Christopher Hulatt and Guy Myles as a fund management company. Through its subsidiaries, it operates in the investment management, venture capital, energy, and real estate industries.

<span class="mw-page-title-main">Evelyn Partners</span> Financial and professional services company

Evelyn Partners is a financial services and professional services company based in the United Kingdom. It is formerly known as Tilney Smith & Williamson, which was the result of a 2020 merger between Tilney and Smith & Williamson. The group also operates the online investment service Bestinvest.

References

  1. "Bestinvest relaunches offering free investment coaching". yourmoney. 25 May 2022. Retrieved 25 May 2022.
  2. "Our service". Bestinvest. Retrieved 27 August 2020.
  3. John Spiers returns to Bestinvest – The Times
  4. tml 3i back Bestinvest – 3i Press Release Archived 26 August 2009 at the Wayback Machine
  5. "HW Financial Services links with Bestinvest". Archived from the original on 7 February 2011. Retrieved 5 March 2010.
  6. "Permira acquire Bestinvest from 3i". Archived from the original on 7 January 2017. Retrieved 13 January 2017.
  7. "Tilney to merge with Bestinvest following private equity buyout". citywire.co.uk. Retrieved 20 June 2021.
  8. "Tilney announces 'transformative' merger with £45bn of AuM". www.internationalinvestment.net. 19 September 2019.
  9. Jakubowski, Zak; Reporter; Sep 2020, Accountancy Daily2. "Tilney and Smith & Williamson complete merger". www.accountancydaily.co. Retrieved 13 December 2022.{{cite web}}: CS1 maint: numeric names: authors list (link)
  10. Reichman, Carmen (14 June 2022). "Tilney Smith & Williamson becomes Evelyn Partners". FT Adviser.
  11. O'Neill, Moira (20 January 2011). "Hit the January VCT sales". Investors Chronicle. Retrieved 25 August 2011.