Overview
Waverton Wealth is a distinguished financial services firm operating primarily within the United Kingdom, with key offices in Edinburgh, Glasgow, and London. As a part of the Waverton Investment Management Group, the firm specializes in wealth management and financial planning services for corporate and private clients. Through the acquisition of Cornerstone Asset Management, a robust entity managing approximately £500 million in Assets Under Management (AUM), Waverton Wealth has successfully broadened its service offerings and expanded its client base, underscoring its strategic growth.
Services and Expertise
Waverton Wealth provides a comprehensive wealth planning journey tailored to the financial futures of its clients. Their service offerings include:
- Estate & Tax Planning
- Retirement and Later Life Planning
- Savings & Investments
- Responsible Futures
- Family Protection
- Budgeting & Saving
- Trusts & Charities
These services are designed to meet the diverse needs of the UK's high-net-worth individuals, families, charities, and institutions, renowned for inclusivity and thoroughness.
Leadership
The leadership at Waverton Wealth is composed of experienced professionals who guide the firm's strategic and service missions. Nick Tucker, the Chief Executive Officer since February 2020, brings nearly thirty years of wealth management experience. Alan Reid, serving as a Director, plays a significant role in implementing the firm's strategies alongside advising clients.
Regulatory Compliance
Authorized and regulated by the Financial Conduct Authority (FCA), Waverton Wealth adheres to stringent standards in financial advice and management. While the company provides "restricted advice," offering a wide range of retail investment products, their guidance doesn't encompass every investment option available. Transparency is fundamental to their operation with policies for complaints handling and conflict of interest management available to their clients.
Technological and Ethical Engagement
Waverton Wealth employs the SEI Wealth Platform to enhance its wealth management solutions technologically. Their commitment to ethical practices is demonstrated through participation in initiatives like the Global Ethical Finance Initiative’s Path to COP26, emphasizing responsible and ethical investment.
Competitor Profiling
Waverton Wealth operates in a competitive landscape with several key players:
- Hawksmoor Investment Management: Offers high-quality discretionary management services, with a focus on diversified asset management and multi-asset funds, alongside model portfolios for financial advisors. Offices are located across Exeter, London, Taunton, Bath, and Worcester.
- TAM Asset Management: Recognized for innovative investment solutions, TAM collaborates with financial advisers, fiduciaries, and intermediaries, maintaining headquarters in London.
- 7IM (Seven Investment Management): Delivers investment management services supporting advisor and private client relationships, emphasizing cultural diversity and inclusion. Although revenues are undisclosed, the company is known for strategic acquisitions signifying growth.
- Cazenove Capital (A division of Schroders): Presents personalized wealth management services backed by the expertise and stability of its parent, Schroders, catering to high-net-worth clients with a dedication to sustainability.
- Charles Stanley & Co. Limited: With a rich history over 200 years, this firm offers wealth management services as part of the global Raymond James Financial, Inc. group.
Financial Indicators
- Waverton Investment Management reports an annual revenue of around $53.1 million. Competitor revenue figures specifically for Hawksmoor and TAM are not disclosed.
Additional Competitors
Notable competitors also include:
- abrdn
- Equiom Group
- Mattioli Woods
- Orbis Investment Management
- Natixis Investment Managers
These entities provide a spectrum of services aligned with asset management and discretionary wealth services to both private and institutional clients, positioning themselves as significant peers in the wealth management sector.
