Family Office With London Roots Goes on Global Buying Spree
- Alvarium has acquired five wealth firms in past eight months
- Firm was part of group buying London hotels for $1.3 billion
Photographer: Matthew Lloyd/Bloomberg
Alvarium Investments, a multifamily office with stakes in some City of London hotels, has snapped up five small wealth-management firms in the past eight months, adding about $1 billion in client assets.
The latest acquisition was Paris-based asset manager Iskander, Alvarium said in a statement Thursday that didn’t include terms. Other recent purchases include U.K.-based Casteel Capital in February, Swiss multifamily office Albacore in November and two New Zealand-based money managers.