Waverton Investment Management acquires London-based IFA

Combined £7bn under management

Waverton Investment Management (WIM) has acquired fellow west London-based firm Timothy James & Partners (TJ&P).

According to discretionary fund manager (DFM) Waverton, the acquisition will see more competitive pricing and an increased focus on investment from the IFA. TJ&P founder and managing director Tim Whiting said the deal would boost the firm's purchasing power and help it create lower cost investment products. "The main objective for me is to have a bigger balance sheet so I can make purchases of retiring IFAs. The second reason is I think we need more control over our investment part of the business," he said. TJ&P currently manages £1.1bn in funds and brings in £2m a week of new inv...