Bestinvest
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Company type | Private |
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Industry | Financial services |
Founded | 1986 |
Headquarters | 45 Gresham Street, London , UK |
Area served | United Kingdom |
Key people | Chris Woodhouse (CEO), Simonetta Rigo (CMO), Mayank Prakash (COO), Permira |
Products | ISA, SIPP, Income drawdown, Investment |
Parent | Evelyn Partners |
Website | bestinvest |
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]
History
The company was founded in 1986 by John Spiers.[3] Bestinvest began as a firm focused on researching and broking investments including Business Expansion Schemes (BES), from which the firm took its original name (BESt Investment). Following the abolition of BES, the company re-focused on the Personal Equity Plan market, attracting new clients predominantly through its high media profile in the national press, including the launch of its Spot the Dog report which named consistently poor investment funds.
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]
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 it wider Tilney Group. Available products include Individual Savings Accounts (ISA), unit trusts, Self-invested personal pensions (SIPP) and Venture Capital Trusts (VCT).[9]
References
- ^ "Bestinvest relaunches offering free investment coaching". yourmoney. Retrieved 25 May 2022.
- ^ "Our service". Bestinvest. Retrieved 27 August 2020.
- ^ John Spiers returns to Bestinvest – The Times
- ^ tml 3i back Bestinvest – 3i Press Release Archived 26 August 2009 at the Wayback Machine
- ^ "HW Financial Services links with Bestinvest". Archived from the original on 7 February 2011. Retrieved 5 March 2010.
- ^ "Permira acquire Bestinvest from 3i". Archived from the original on 7 January 2017. Retrieved 13 January 2017.
- ^ "Tilney to merge with Bestinvest following private equity buyout". citywire.co.uk. Retrieved 20 June 2021.
- ^ "Tilney announces 'transformative' merger with £45bn of AuM". www.internationalinvestment.net. 19 September 2019.
- ^ O'Neill, Moira (20 January 2011). "Hit the January VCT sales". Investors Chronicle. Retrieved 25 August 2011.
External links
- Companies based in the City of Westminster
- Financial services companies of the United Kingdom
- Financial services companies established in 1986
- 3i Group companies
- 1986 establishments in England
- Investment management companies of the United Kingdom
- Companies established in 1986
- British companies established in 1986