Foster Denovo has appointed W1M, formally Waverton Investment Management, to manage its Sequel Growth Target Return fund. The private wealth and corporate advisory group selected the Waverton investment team to oversee one of its five Sequel funds, which are part of the group’s wider portfolio of £1.7 billion of assets under management.
Foster Denovo Head of Investments Chris Thomas said: “Our private wealth and corporate advisory clients will benefit from the depth and sophistication W1M offers and we look forward to a fruitful partnership and positive progress.”
W1M’s Co-Head of Multi-Asset Strategies and Lead Manager of the Waverton Multi-Asset Funds, James Mee, said: “The partnership is testament to both the consistency of risk-adjusted performance our funds have generated over decades and the mandate flexibility we can offer investors.”
This latest announcement comes after Foster Denovo continues to expand its national adviser footprint, buying Verum Wealth in Glasgow at the start of 2025, after acquiring Brian Mole and 80Twenty in the Midlands last autumn and Rosemount – also in Glasgow – last summer.
Earlier in 2024, the group doubled the size of its employee benefits division with Punter Southall’s corporate advisory arm and acquired wealth managers Wade Financial in Newcastle and Creative Financial Solutions in Hampshire to establish 13 offices across the UK.
With a track record spanning four decades and an AUM in excess of £21 billion, W1M took over the Sequel mandate in Q4, 2024.
