Waverton acquires Scottish-based Cornerstone Asset Management
Dyer Baade & Company acted as strategic buy-side adviser to Waverton Investment Management Group in relation to their acquisition of Cornerstone Asset Management.
Transaction Overview
Deal Type: Acquisition
Industry/Sector: Asset Management/Wealth Management
Size: Not disclosed
Year: 2021
Mandate: Strategic buy-side adviser
Lead Partner:
Stuart Dyer
Mobile: +44 7881 220426
Email: stuart.dyer@dyerbaade.com
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Cornerstone is a leading Scottish wealth planner with offices in Edinburgh and Glasgow. The firm was established in 2010, and advises circa 1,000 clients on £500m of Assets under Management.
Waverton is an award-winning investment management house dedicated to creating high-quality investment solutions and providing bespoke, personal service for Private Clients, Charities, and Institutions.
This latest acquisition represents an expansion of Waverton's regional footprint and will allow for an augmented service proposition, integrating wealth planning and discretionary investment management for clients.
Stuart Dyer, Chairman of Dyer Baade & Company and lead on this transaction, concluded: “We are delighted to have supported Waverton on this exciting investment. Cornerstone is a leading business in Scotland with enormous potential. We wish them all the best and look forward to seeing the business thrive going forward.”
About Dyer Baade & Company
Dyer Baade & Company is an independent corporate finance boutique. We are M&A specialists in financial services and other complex sectors advising entrepreneurs & business owners, private equity & financial investors as well as trade buyers & strategic investors. For more information go to dyerbaade.com.