Smith & Williamson merges with LHM Casey McGrath

UK investment group Smith & Williamson has announced a merger with Dublin-based accountancy firm LHM Casey McGrath.

The deal is expected to increase its turnover by more than €15 million per year in the Republic, increasing total group operating income to €300 million.

The combined entity will have 135 people based in two offices in Dublin.

The merger comes months after The Irish Times reported Smith & Williamson had given its Irish management the task of doubling the size of the business.

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LHM Casey McGrath was founded in 2004 as an accountancy and financial services firm. It employs 56 staff and its services cover audit, assurance, accounting, taxation, business outsourcing, advisory and consultancy.

Merged

Smith & Williamson, which offers tax advice, private-client investment management and funds administration, first entered the Irish market in 2008, when it merged with Oliver Freaney & Company, a Dublin-based firm of accountants, tax and business advisers.

It subsequently went on to headhunt a number of staff from Irish brokers, to build up its investment management business.

“The team at LHM Casey McGrath is an excellent fit with our strategy in order to enable growth, improve our service offering and meet the needs of clients through a diverse range of professional services,” said chief executive Paul Wyse.