The transaction completes a profitable year for W1M as it approaches £25 billion in AuM, up from £18 billion in June 2024, underpinned by investment performance and net new asset growth of 7.5 per cent over the last year.

W1M Wealth Management has agreed to acquire Vermeer Partners – a wealth and investment management partnership based in London with over £2 billion ($2.69 billion) in assets under management (AUM). The transaction is subject to regulatory approval and is expected to complete in the spring of 2026.

This is W1M’s first acquisition since the Waverton and London & Capital’s merger in July 2024 and W1M's rebrand in June 2025.

Financial terms weren't disclosed.

The acquisition is an example of consolidation continuing to take place in the world's wealth management sector. W1M wants to be a major integrated wealth and investment manager in the UK and building the scale required to operate in a changing market, it said in a statement.

Established in 2018, Vermeer serves a network of HNWs, intermediaries, charities and trusts, providing its clients with wealth and investment services tailored to their circumstances. The deal offers its clients access to W1M’s investment capability, financial advisory services, international expertise and broader client propositions, the firm added.

The transaction completes a profitable year for W1M as it approaches £25 billion in AuM, up from £18 billion in June 2024, underpinned by investment performance and net new asset growth of 7.5 per cent over the last year, it said.

“Our integrated model brings together wealth advice, investment management, and reporting under one roof in a way we believe sets us apart from what the market currently offers,” Guy McGlashan, CEO of W1M Wealth and Investment Management, said. “While organic client growth remains our core focus, we are also actively seeking high-performing teams and businesses that share our values and would find a welcoming home at W1M, both culturally and strategically, for their people and their clients. Vermeer fits that vision perfectly.”

“In W1M, Vermeer has found a partner that provides the breadth of capability our clients demand, and which also shares our client-first ethos and long-term investment philosophy,” Simon Melling, executive chairman of Vermeer Partners, said. “This combination will enable the Vermeer team to meet an evolving set of client needs against the backdrop of a fast-changing industry landscape.”

Headquartered in London, W1M was created via a merger of Waverton and London & Capital in 2024, and rebranded in 2025. With £24 billion in assets under management and a team of more than 300 professionals, W1M specialises in working with high net worth and ultra-high net worth individuals and families, charities, and institutions. W1M also has offices in Barcelona, Barbados, Edinburgh, and Glasgow.