Private equity backing and hybrid advice are the direction of travel for the financial advice industry, atomos CEO Jonathan Polin has said as WTW snapped up a minority stake in the wealth management business.
The deal, announced 3 October, sees WTW take part ownership of the advice-led wealth manager with around a 25% stake in the business. WTW is expected to provide additional capital to support further growth. atomos, previously Sanlam Wealth, is majority backed by Oaktree Capital Management. The firm was acquired by the private equity giant for £140m in September 2021. WTW and atomos were already working together, with the pair having agreed a strategic alliance back in 2022 that saw atomos tap into WTW's multi-asset investment offering, giving clients access to offerings typically avai...
To continue reading this article...
Join Investment Week for free
Signup and gain exclusive members-only insights - all free of charge!
- Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
- Get ahead of regulatory and technological changes affecting fund management
- Important and breaking news stories selected by the editors delivered straight to your inbox each day
- Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
- Be the first to hear about our extensive events schedule and awards programmes
