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.”