AGF Management Limited Confirms Close of Smith & Williamson Merger
Posted on 09/01/2020
On September 1, 2020, the merger between Tilney and Smith & Williamson has finalized and the new firm is called Tilney Smith & Williamson.
AGF Management Limited made the announcement of a merger between Tilney and Smith & Williamson on August 6, 2020. Based on the terms of the revised transaction structure, AGF receives total cash of £177 million, excluding tax and one-time expenses and subject to closing adjustments. With the transaction now complete, AGF possesses no equity consideration in the merged group.
AGF has C$ 37 billion in total assets under management.