Discretionary fund manager Waverton Investment Management has launched a wealth management unit as part of its plans to offer integrated financial planning and investment management services.
It comes after the investment manager agreed to buy Scottish IFA firm Cornerstone Asset Management in April 2021 and at the end of 2019, bought Timothy James & Partners (TJP), an adviser firm based in Tottenham Court Road in London.
Branded Waverton Wealth, the business will continue to look after the existing Cornerstone clients while also expanding its services to include bespoke investment management via Waverton’s offices in London.
Similarly, Waverton clients will have access to financial planning from Waverton Wealth with the integrated solution – which it says will be a seamless experience.
It will offer estate and tax planning, retirement planning, later life planning and trust planning services.
Waverton chief executive Nick Tucker (pictured) said: ‘This is a significant and exciting step for us, and we are thrilled to introduce Waverton Wealth.
“Integrated wealth management is fast becoming central to our proposition for our private client audience, and we are now able to deliver a service supporting clients that includes business planning for entrepreneurs through to family wealth planning.”
Last October, speaking to Portfolio Adviser, Tucker said future acquisitions must enhance Waverton’s overall proposition by offering elements it lacks, whether financial planning or high-end family advice.
