Smith & Williamson is a UK financial and professional services firm, combining an accountancy practice, an investment management arm and a private bank. It provides services to individuals, corporates, professional practices and non-profit organisations.
It is the country's eighth largest accountancy firm, and part of Nexia International, a global network of accounting, audit and consulting firms. The company was founded more than 100 years ago and has 11 UK offices in the UK and Ireland, with its headquarters in London.
Investors have been selling out of Russian equities since the country's stand-off with neighbour Ukraine escalated in early March and caused shares to plunge, but one fund manager has been buying back in despite ongoing tensions.
BP and Royal Dutch Shell produced mixed results last week, but top managers are returning to the beaten-up oil majors, predicting a focus on shareholder returns instead of "growth at any cost".
Smith & Williamson Investment Management has merged its UK Growth fund and its Opportunities fund into the group's UK Equity Growth trust.
Smith & Williamson has announced a number of key changes to its senior management, including promoting two staff members as co-chief executives.
Smith & Williamson is reducing the number of holdings in its £87m North American Trust by almost 50% as part of an overhaul of the fund, which also sees lead manager Lady Tana Focke step back from her role.