In a trend being observed across wealth management, two London firms are are uniting services in an end-of-year M&A.

London West End neighbours Waverton Investment Management and independent advisor Timothy James & Partners are merging their investment management and financial planning businesses. Once the deal closes, Timothy James will maintain its brand independence and premises but operate under the Waverton Group umbrella.

Waverton chair David Rosier said the goal of the merger is to create “a broader service for all our clients, with Waverton introducing a highly regarded financial planning service and Timothy James & Partners gaining full access to Waverton’s global investment management expertise, products and services.”

The marriage will bring Waverton clients independent planning advice covering inheritance tax, pensions, corporate finance, mortgages, savings and corporate and personal protection; while Timothy James will provide custom-designed investment portfolios aligned to each client’s appetite for risk.

Tim Whiting, founder and managing director at Timothy James & Partners said: “Our business has grown by recommendation and referral; we believe this is a great fit with Waverton’s reputation for excellent client service and an active approach to investments.”