Investment management, tax and business services group Smith & Williamson has acquired the trade and assets of BTG Tax.
Smith & Williamson, which has an office in Colmore Row, has completed a deal for the tax operation which is a member of Begbies Traynor Group. As a result, the 35-strong BTG Tax team, currently located in Edgbaston, will become part of Smith & Williamson.
“We are delighted that such an experienced tax team is joining us. The combination of tax and investment services combined with financial planning and pensions advice, provides a particularly strong offer to clients and helps to set us apart from other advisers in the Midlands,” said Mark Willis, investment director and head of Smith & Williamson’s Birmingham office.
The team transferring from BTG Tax to Smith & Williamson comprises private client, corporate tax, VAT and tax investigations specialists which includes eight partners and directors.
They are BTG’s managing partner Birmingham, John Hodgson; corporate tax partners, Ray Abercromby, Kari Campbell and Robert King; Gareth Short who is a tax partner specialising in the sports, media and entertainment sector; tax investigations partner, Jeff Millington; VAT director, Tony Jackson; and private tax director, Carol Whitehouse.
Smith & Williamson’s investment management business has over £11.5 billion funds under management and advice, making it one of the largest private client investment managers in the UK.
Smith & Williamson will have an annual fee income of £180 million and employ almost 300 tax professionals across all offices and generate income of about £40 million from its tax business.
