Tilney Smith & Williamson announces corporate charity partnership with Impetus

07 October 2021
 

Tilney Smith & Williamson, the leading wealth management and professional services group, has announced its first ever corporate charity partnership – with Impetus – committing to a £100,000 annual donation for three years and providing pro bono and volunteering opportunities for staff.

Impetus focuses on transforming the lives of young people from disadvantaged backgrounds by ensuring they get support to succeed in school, in work and in life. The organisation finds, funds and builds a portfolio of charities - currently 17 - working hard to narrow the gaps in education and employment for young people from disadvantaged backgrounds.

The firm’s partnership with Impetus opens the door for staff to make a difference in their local communities and act as ambassadors for the financial and professional services sectors to attract a broader spectrum of people. There will be opportunities for Tilney Smith & Williamson staff to volunteer, take up pro bono work, attend or run knowledge sharing events and of course, fundraise.  

Nicola Mitford-Slade, Group Executive Committee Lead on Charities and Communities at Tilney Smith & Williamson commented:

“We are delighted to announce our new partnership with Impetus. The charity finds, funds and builds the best programmes that transform the lives of young people from disadvantaged backgrounds. By doing so, they very much follow the ethos of our own recently launched statement of purpose to ‘place the power of good advice into more hands’ and their work also aligns to our values of personal, partnership and performance.

“Our search for a charity partner was a robust one, led by three clear objectives. Firstly, we wanted to continue supporting those impacted most by the COVID-19 pandemic, following the support Smith & Williamson gave to FlatShare and Food Cloud and Tilney gave to Critical NHS in 2020. Impetus supports education and routes into employment for young people, two areas significantly disrupted by the pandemic.

“Secondly, we sought a charity that can benefit from our wealth of technical expertise through pro-bono and volunteering work. From specialist tax advice right through to our teams of HR and marketing professionals, we believe our people can make a huge difference to Impetus’ charity partners.

“Finally, it was important that our partner has a similar geographical footprint to us. Impetus’s 17 charity partners are spread across the UK, meaning the majority of our staff will live and work within a stone’s throw of one of their projects.”  

Harriet Gugenheim, Director of Philanthropy and Partnerships at Impetus said:

“We are delighted to be chosen as Tilney Smith & Williamson’s first charity partner. The firm’s support comes at a crucial time for young people from disadvantaged backgrounds as we emerge from the pandemic.

“School closures, with the reliance on technology and learning from home, caused significant disruptions to education. Learning loss was around 50% higher[1] in schools with a high proportion of pupils from disadvantaged backgrounds. And young people in work were hit hard by shutdowns, being 2.5 times[2] more likely to work in the hospitality and retail sectors.

“We look forward to working with Tilney Smith & Williamson and harnessing their expertise, as we support our charity partners and further invest in interventions that really make an impact on young people’s lives.”

 

[1] https://epi.org.uk/publications-and-research/learning-loss-report-understanding-progress-in-the-2020-to-2021-academic-year/

[2] https://ifs.org.uk/uploads/BN278-Sector-shutdowns-during-the-coronavirus-crisis.pdf

About Tilney Smith & Williamson

Tilney Smith & Williamson is the UK’s leading integrated wealth management and professional services group, created by the merger of Tilney and Smith & Williamson on 1 September 2020. With £54.8 billion of assets under management (as at 30 June 2021), it ranks as the third largest UK wealth manager measured by revenues and the eighth largest professional services firm ranked by fee income. The Group currently operates through three principal brands: Tilney, Smith & Williamson and online investment service Bestinvest. It has a network of 28 offices across the UK, as well as the Republic of Ireland and the Channel Islands. Through its operating companies, the Group offers an extensive range of financial and professional services to individuals, family trusts, professional intermediaries, charities and businesses. It is uniquely well-placed to support clients with both their personal financial affairs and their business interests. Tilney Smith & Williamson’s personal wealth management services include financial planning, investment management and advice, online execution-only investing and personal tax advice. For businesses, its wide range of services includes assurance and accounting, business tax advice, employee benefits, forensic advice, fund administration, recovery and restructuring and transaction services.