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London wealth manager buys IFA to boost assets by £150m

London-based investment management company Dart Capital has acquired IFA firm Waterson Jones, boosting its assets under management by £150m.

Dart Capital has bought Kent-based Waterson Jones from its owner and founder Martin Jones.

Waterson Jones advises on invested assets of £150m on behalf of 100 clients.

Dart Capital provides wealth management services to 275 clients and manages £270m. It manages portfolios ranging from £200,000 to £20m.

The combined business will manage £420m of assets and employ 21 staff across two offices.

Dart Capital chief executive Richard Whitehead says: “We believe this arrangement is in the interests of the clients of both firms, as both organisations share a similar vision and business culture.

“I am delighted that Martin is joining the Dart team and we are looking forward to meeting each of Waterson Jones’ clients.”

Jones says: “I have known the team at Dart Capital for many years and I am delighted with the new arrangement.

“Dart Capital is successful, well-resourced and ideally placed to support clients of Waterson Jones.”



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Jonathanfry acquires Harry Katz’s Norwest Consultants

Veteran adviser Harry Katz’s business, Norwest Consultants, has been acquired by adviser firm jonathanfry for an undisclosed sum. Katz, who has run Norwest for 25 years and was previously a Aifa council member, will stay on as a consultant but will not give regulated advice. Norwest has about 100 clients on its books. Katz says […]


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