Smith & Williamson
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Type | Limited Company |
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Industry | Professional services |
Founded | 1881 |
Headquarters | London, United Kingdom |
Key people | David Cobb & Kevin Stopps, coCEOs |
Products | Accounting Corporate services Investment management Tax |
Number of employees | 1,700 (including partners) |
Website | smithandwilliamson.com |
Smith & Williamson is a United Kingdom financial and professional services firm, with operating income of £266.7m for the year ending 30 April 2018. With £20.1bn funds under management (at 30 April 2018), the firm is also one of the largest independently owned investment managers in the UK. The firm's 1,700 people serve clients from 12 offices in the UK, Ireland and Jersey.[1]
Smith & Williamson is a UK member firm of Nexia International, a worldwide network of accounting, audit and consulting firms.[2]
History[]
Smith & Williamson was founded by David Johnstone Smith and Andrew Williamson in Glasgow in 1881. The first London office was opened in 1893. Smith & Williamson has had a number of mergers. The first merger was with NCL (Securities) Limited, an investment manager, in 2002. Its second merger was with Solomon Hare, a private accounting firm in UK, in 2005.[3][4] In 2018 Smith & Williamson merged with LHM Casey McGrath in Dublin.[5]
Locations[]
Smith & Williamson has twelve offices in the United Kingdom and Ireland: Bristol, Birmingham, Cheltenham, Guildford, Salisbury and Southampton, England; Belfast and Dublin (City and Sandyford), Ireland; Jersey; and Glasgow, Scotland, with the headquarter office in London, England.[6] In Belfast the firm operates under the name Cunningham Coates.[7]
Panama Papers[]
The company's activities came under scrutiny in 2016, when it was revealed that its employees had managed the Smith & Williamson Blairmore Global Equity Fund since 1997.[8] This fund was founded by David Cameron's (prime minister of the UK from 2010 to 2016) lay father Ian.[9] Earlier in the year, HM Revenue & Customs won a court case against Smith & Williamson, over the treatment of "goodwill payments" made by the firm to a portfolio manager and some team members.[10]
References[]
- ^ Dew, Laura (2 July 2018). "S&W chairman: We have bolt-on acquisitions 'in our sights'". Investment Week.
- ^ "About us". Smith & Williamson.
- ^ "Smith & Williamson | Company Profile | Vault.com". Vault.
- ^ "Our history - Smith & Williamson". smithandwilliamson.com.
- ^ "Smith & Williamson merge with LHM Casey McGrath". Accountancy Age. 2018-10-03. Retrieved 2018-12-05.
- ^ "Locations". Smith & Williamson.
- ^ "Cunningham Coates". Cunningham Coates.
- ^ "Top ten firm distances itself from Blairmore Holdings connection". AccountancyAge. Retrieved 9 August 2016.
- ^ "HMRC wins 'goodwill payments' tax battle against Smith & Williamson - Accountancy Age". Accountancy Age. 2016-01-20. Retrieved 2017-10-24.
- ^ "HMRC wins 'goodwill payments' tax battle against Smith & Williamson". 20 Jan 2016. Retrieved 9 August 2016.
External links[]
- Financial services companies established in 1881
- Accounting firms of the United Kingdom
- 1881 establishments in the United Kingdom
- Accounting stubs