The deal extends Tilney’s presence in Surrey, which currently stretches across 100 staff members in its financial services and professional services businesses.
The entirety of HFS Milbourne’s team will now operate at Tilney, including its joint managing directors Rob Milne and Colin Hayden-Cook.
Chris Woodhouse, group CEO at Tilney, said that the pair of MDs have built a “high-quality, client-focused business” and \that he is “delighted” have chosen to become a part of Tilney.
He added: “HFS Milbourne are joining the group at a time when the importance of getting sound, expert advice has arguably never been greater given the impact of the pandemic.
“Our ability to support clients with both their personal wealth management needs and business interests through our range of professional services is unrivalled in the market and so we are uniquely well-positioned to help clients navigate the challenges of the current environment and beyond.”
Founded in 2005, HFS Milbourne is the product of a merger between Milbourne Financial Services and Hayden Financial Services.
The group now acts with roughly £450m of assets under management, and employs approximately 30 staff members.
Milne said: “We are proud of what we have built at HFS Milbourne, so the bar was high in choosing a long-term home for both our team and clients.
“Tilney Smith and Williamson stood out above other potential acquirers with its breadth of services and successful track record of combining advice businesses.”
Hayden-Cook added that backing from a group with the scale of Tilney will provide the firm’s clients with “undoubted advantages”.