wells acquires reeves discretionary business

Discretionary Wells Capital Investment Solutions has acquired Reeves Investment Management arm, increasing its AUM by over £50m to £135m.

wells acquires reeves discretionary business
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As part of the integration, Reeves Investment Management’s two-strong investment team – Eric Clapton, now managing director, and trainee fund manager Michael Hill – will relocate from London to Wells Capital’s Tunbridge Wells office.

Clive Stevens, managing partner of Reeves & Co, said: “Reeves are delighted to be able to merge our discretionary management business into that of Wells Capital. Both businesses have the same philosophy of client service and the merger provides a great platform for enhanced investment expertise. We look forward to continuing a long term relationship with Wells Capital to make sure our clients continue to receive excellent service”
 

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