Bestinvest
From Wikipedia, the free encyclopedia
 | |
| Company type | Private |
|---|---|
| Industry | Financial services |
| Founded | 1986 |
| Headquarters | 45 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 |
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]
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]