Two London-based wealth boutiques have combined their businesses under a new brand.

Hanson Asset Management and SCD & Co are merging their wealth management businesses, subject to regulatory approval.

The combined entity will be called Hanson Denley Capital Management. Following the merger, SCD will absorb HAM's clients and team.

Robert Hanson, Edward Collins and Patrick Teroerde set up Hanson Asset Management five years ago to manage the Hanson family wealth more formally under Financial Conduct Authority regulation. In 2012, the firm began to serve third-party clients.

Paul Denley co-founded SCD with two other directors in 2004 to provide investment management services, predominantly to high net worth individuals. Early last year, Denley became chief executive of the firm.

Denley will lead Hanson Denley Capital Management as chief executive while Hanson will act as chairman. Collins will also join the board.

The new business will target wealthy professional and retail clients with a range of services including discretionary, advisory and execution-only. 

“The core offering will be a bespoke portfolio management service, but there are also plans to leverage the combined firm’s UCITs OEIC funds, which are likely to be restructured and rebranded,” SCD & Co said in a statement.