Waverton Investment Management has acquired Scottish wealth planner Cornerstone Asset Management, taking on 1,000 clients, £500m in AUM and its 22 staff.
The deal, which is subject to regulatory approval, expands Waverton's regional footprint and will allow for an "augmented service proposition, integrating wealth planning and discretionary investment management for clients", the firm said. Established in July 2010 and with offices in Edinburgh and Glasgow, Cornerstone offers wealth management and financial planning advice. Waverton chief executive Nick Tucker said: "We have known Cornerstone for some time, having managed their Active Multi-Asset Portfolio range since 2012. They have built a highly-regarded growth business over the la...
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