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Office Spotlight: Tilney Group, Glasgow

Office Spotlight: Tilney Group, Glasgow

Location: Glasgow

Date opened:

We moved to our current location on St Vincent Street in 1993. However, in one shape or another, Tilney has had a presence in Glasgow since 1910.

Average portfolio size:

We have clients from all parts of our business, including advisory and discretionary, with clients ranging from individuals to charities and pension funds, therefore portfolio size varies considerably across the teams.

Bullish/bearish:

As fundamental investors we remain more concerned by the long-term risks than the short-term opportunities.

Assets under management:

£1.6 billion

Number in team:

62

Top stock and fund picks:

1. Threadneedle UK Equity Income

2. Murray International Trust

3. Stewart Investors First State Asia Pacific Leaders

Q&A with Stephen McClymont, investment management director, Tilney Group, Glasgow.

What is your typical client demographic?

There is no such thing – that is the beauty of our business. Our distinct structure allows us to deal with all walks of life from relatively small straightforward investment clients to large complex family office arrangements, pension funds and charities.

What differentiates your region?

As a city, Glasgow has everything there is to offer. It is historically significant in terms of the global contribution it has made towards industry, architecture, education, science and the arts. A quick tour around makes this abundantly clear – the evidence is still there. However, Glasgow has become tremendously cosmopolitan over the years and offers some of the best shopping, nightlife and entertainment in the UK.

 What challenges are facing your area?

Unfortunately, despite its many positives, Glasgow is also home to some of the most deprived areas in the UK. As a business, we have a long record of active involvement in, and continue to work closely with, many local charities and other initiatives. We also actively encourage our employees to become personally involved with the local community, either through direct participation or fundraising.

What’s the best thing about living in your region?

Whatever your chosen lifestyle, we can accommodate it. Everything from city-dwelling party animal to solace-seeking outdoors enthusiast is available within a 20 minute commute from the front door of our office.

What is your office motto?

Your personal wealth. Our personal responsibility.

What is a typical regional saying?

‘Gonnae no dae that.’

Asset allocation chart of a typical balanced portfolio

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