WTW has announced its acquisition of a stake in Atomos, a prominent, advice-led wealth manager operating in the UK.
The investment marks a pivotal development in a partnership that began in late 2022, enhancing Atomos’ ability to offer diverse, multi-asset investment solutions.
The partnership, supported by funds managed by Oaktree Capital Management, has empowered Atomos to deliver investment choices that were previously exclusive to institutional-sized investors. With this investment, WTW not only secures part ownership of Atomos but also injects additional capital to support its continued growth.
Atomos operates within the UK’s wealth market, currently valued at £2.2trn. This strategic move by WTW is designed to expand its footprint in the UK wealth sector, where it has already seen considerable growth.
The funding from WTW will enable Atomos to broaden its reach and cater to the evolving needs of UK savers, particularly those managing their retirement through various savings schemes. WTW’s vast experience in occupational pensions will now benefit Atomos’ individual clients, enhancing the firm’s offering.
Mark Calnan, head of investments for Europe at WTW, expressed his enthusiasm about the investment, stating, “This is an incredibly exciting development for WTW which reinforces our commitment to the wealth markets, a strategic focus area for us and one that has driven significant growth for our business in recent years. Our investment in atomos is the natural next step in our successful partnership and extends our investment capabilities to a wider audience.”
Jonathan Polin, CEO of Atomos, said, “We are delighted to be extending our relationship further with WTW after a highly successful period since the end of 2022 in which, together, we have transformed the investment proposition we offer our clients.
“WTW’s investment in atomos, having seen first-hand the strength of our client relationships and quality of our people, is further recognition of the health and growth potential of this business. As we look for more ways in which we can enhance the atomos client experience, our closer alignment to such an established, well-resourced business will play a key part.”
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