Waverton and London & Capital set to merge as £17bn wealth manager

Backed by US private equity firm Lovell Minnick Partners

Valeria Martinez
clock • 2 min read

Waverton Investment Management and London & Capital Group have agreed to merge, creating a £17bn independent wealth manager.

The deal, which is subject to regulatory approval, will bring together the international advice and planning expertise of London & Capital with the investment performance and wealth solutions of Waverton. According to the firms, the merger will expand client offerings and international footprints with "enhanced" investment opportunities, financial planning expertise and broader client propositions. Guy McGlashan, chief executive (CEO) of London & Capital, will be CEO of the combined businesses, which will be backed by US-based private equity firm Lovell Minnick Partners (LMP) with a m...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Your profession

Canada Life to sell onshore bond business to insurance firm Chesnara

Canada Life to sell onshore bond business to insurance firm Chesnara

Strategic review prompts transfer as Chesnara expands life and pension portfolio

Sahar Nazir
clock 23 December 2024 • 1 min read
Happy holidays from Professional Adviser

Happy holidays from Professional Adviser

Regular newsletters and content will resume on 2 January

Jen Frost
clock 23 December 2024 • 1 min read
The state of financial vulnerability in 2024 and what 2025 holds

The state of financial vulnerability in 2024 and what 2025 holds

'Most firms are now heading in the right direction with their vulnerability processes'

Richard Farr
clock 20 December 2024 • 3 min read