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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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