Waverton Investment Management, a fund house and wealth manager, has acquired London-based advice firm Timothy James and Partners.
Waverton operates ten of its own funds, including Global and European equity mandates, but also has a private client investment management business. The company has more than 150 staff, of which a quarter work with private individuals to manage their investments.
Timothy James and Partners, which is based on the Tottenham Court Road in London, and has assets under management of £1.1bn, with 5,000 clients.
The company was founded in 1995. Data from Companies House showed the firm had 71 employees at the end of 2018. The company also featured on FTAdviser’s list of top 100 advisers in 2019.
David Rosier, chairman of Waverton Asset Management, said: “This acquisition will see the merger of two highly successful businesses, creating a broader service for all our clients, with Waverton introducing a highly regarded financial planning service and Timothy James & Partners gaining full access to Waverton’s global investment management expertise, products and services.”
In 2016 Waverton acquired 2CG Senhouse, a boutique investment management firm. In 2018 the company was forced to write down the value of this investment by £341,000 due to poor performance.
The company posted an operating profit of £7.6m for the year to the end of September 2018.
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