W1M completes acquisition of Vermeer Partners

W1M Wealth Management has completed its acquisition of Vermeer Partners following regulatory approval from the Financial Conduct Authority (FCA).

The integration of Vermeer into W1M is now underway, with Vermeer staff expected to move to W1M’s London office in the coming weeks.

The merger, which was first agreed in January, will see Vermeer colleagues continuing to serve their existing client base.

Former Vermeer CEO, Simon King, will stay on at W1M in an advisory role during the integration process.

Vermeer was an independent wealth and investment management partnership based in London with more than £2bn in assets under management (AUM).

W1M said the acquisition reinforced its commitment to high net worth (HNW) and ultra HNW families, and brought its AUM up to around £27bn.

"It is with great pleasure that we officially welcome Vermeer to the W1M team,” commented W1M Wealth and Investment Management CEO, Guy McGlashan.

“Vermeer brings with them a track record in client service innovation and outstanding investment expertise.

“Above all, they share a deeply held conviction that it is our role as wealth and investment managers to provide dependable solutions to our clients’ financial challenges and objectives.

“We look forward to ensuring a smooth transition for Vermeer’s clients, maintaining exceptional service, and introducing them to W1M’s unique offering.”

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