WTW has acquired a stake in Atomos in a deal which sees it take part ownership of the advice-led wealth manager and provide additional capital to support further growth.
Atomos, previously Sanlam Wealth, is backed by private equity business Oaktree Capital Management. It was acquired for £140m in September 2021. Today (3 October) WTW said it had taken a stake in the business after its successful tie-up in 2022 which sees WTW power Atomos' multi-asset investment offering. WTW said the deal would enhance its position in the £2.2trn UK wealth management market. Head of investments for Europe Mark Calnan said: "This is an incredibly exciting development for WTW which reinforces our commitment to the wealth markets, a strategic focus area for us and one...
To continue reading this article...
Join Professional Adviser for free
Signup and gain exclusive members-only insights
- 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
