WTW takes stake in PE-backed wealth manager Atomos

Backed by Oaktree Capital Management

WTW has acquired a stake in Atomos in a deal which sees it take part ownership of the advice-led wealth manager and provide additional capital to support further growth.

Atomos, previously Sanlam Wealth, is backed by private equity business Oaktree Capital Management, having been acquired for £140m in September 2021. Today (3 October), WTW said it had taken a stake in the business after its successful tie-up in 2022 which sees WTW power Atomos' multi-asset investment offering. WTW said the deal would enhance its position in the £2.2trn UK wealth management market. Willis Towers Watson eyes private equity LTAF launch Mark Calnan, head of investments for Europe, said: "This is an incredibly exciting development for WTW which reinforces our commitm...