The accountancy firm was founded in 1881 and is one of the 10 largest in the UK, with its investment business having around £16bn of funds under management and advice.
Smith & Williamson also provides services to the real estate and construction sector, which includes restructuring advisory and recoveries, corporate finance, debt advisory and corporate tax.
On joining the ASTL, Nick Myers, Insolvency Practitioner at Smith & Williamson said: “We have become increasingly involved in advisory work in the short-term lending arena and have a particular expertise in acting as fixed charge receivers and administrators for secured creditors outside the traditional clearing banks.
“It is a logical step for us to become an associate member of the ASTL where we believe we can provide valuable insight, experience and expert services across multiple disciplines for the benefit of existing members."
Meanwhile, Benson Hersch, CEO of the ASTL felt that the news would prove to be of much interest to the members of the Association.
“Smith & Williamson has looked after the financial affairs of individuals, families and businesses for more than a century.
“It continues to work with a range of industry professionals from fund and asset managers to corporate finance houses, brokers and short-term finance providers and, due to the company’s experience and expertise.”
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