W1M: A New Era Following the Merger of London & Capital and Waverton
Following the merger of London & Capital ("L&C") and Waverton Investment Management ("Waverton") in July 2024, the company announces today that it will be consolidating its brands under a new name, W1M.
Launch
The launch of W1M signals the coming together of two highly successful firms and coincides with the combined business surpassing £21 billion of assets under management, placing it amongst the largest wealth managers in the UK. The firm now aims to expand its market share and become the preeminent wealth and investment manager for HNW and UHNW clients, charities and institutions.
Services
W1M will embody the strengths of both firms, offering clients a wide range of services: cross-border advisory capabilities, institutional-quality investment management, and global tax and consolidated portfolio reporting, plus access to more experts. These services address the increasing complexity, internationalisation and intergenerational needs of wealthy families.
Continuation
The investment philosophy – Global, Active and Direct – will continue. William Dinning, previously CIO at Waverton, will retain this role. W1M will also maintain its long-standing partnership with Independent Financial Advisers, offering them and their clients access to market-leading investment solutions.
The new name pays tribute to both companies' heritage – W1M was the postcode of the first London & Capital office and echoes the WIM acronym from Waverton Investment Management.
As part of the merger, W1M’s teams will be united at their new head office, 16 Babmaes Street, London, SW1Y 6AH, by the end of 2025.
New brand identity
Guy McGlashan, CEO, said: "As we begin a new chapter, our name represents the combination of two exceptional businesses into one integrated firm. W1M brings together global wealth advice, an award-winning investment proposition, and best-in-class reporting, all for the benefit of our clients.
"It also represents a united team of talented people, committed to addressing the diverse, complex and international needs of clients; a single company that meets market challenges with innovation and enthusiasm; and a trusted partner focused on long-term client prosperity."
About W1M
W1M is a leading international wealth and investment management firm, formed in 2024 through the merger of Waverton and London & Capital. With over £21 billion in AUM and a team of 300+ professionals, W1M specialises in working with HNW and UHNW individuals and families, charities, and institutions.
The firm offers a broad range of services including cross-border planning, institutional-grade investment management, and global tax and portfolio reporting, tailored to complex, international, and intergenerational client needs.
W1M also maintains a longstanding partnership with Independent Financial Advisers, giving them access to its investment solutions.
Headquartered at 16 Babmaes Street, London, W1M also has offices in Barcelona, Barbados, Edinburgh, and Glasgow, and is regulated by the FCA (UK), SEC (US), and CNMV (EU).