The latest mergers, acquisitions and other corporate actions in the wealth management sector.

WHEB Asset Management
Impact investor WHEB Asset Management (WHEB) has announced that it has been acquired by Foresight Group Holdings.

Foresight is an investment manager headquartered in London, providing a range of listed and private investment solutions that help reduce the world’s carbon emissions, improve social infrastructure for businesses and communities, and support the long-term growth of ambitious companies.

WHEB is a provider of impact investment strategies focused on listed equities, the firm said in a statement. Since its foundation in 2009, the company has established a market presence. In 2024, WHEB’s flagship listed equity impact fund was the first to secure a Sustainability Impact label under the Financial Conduct Authority’s (FCA) new Sustainability Disclosure Requirements (SDR).

All three of WHEB’s partners will become employees at Foresight with the WHEB team continuing to manage WHEB’s investment strategies as a fully integrated part of Foresight Capital Management (FCM). The inclusion of WHEB within FCM will more than double the assets under management of this division.

“As part of FCM and the wider Foresight group, we will be able to offer clients a broader suite of impact products across different asset classes with the backing of an institution with a strong balance-sheet and established distribution and risk management processes,” George Latham, managing partner at WHEB said.

“WHEB has built an outstanding business with a strong mission and powerful brand that stands for authentic impact investing. Bringing WHEB’s products, people and culture onto the FCM platform positions our business as a leader in impact investing in public markets in the UK and in other key geographies,” Nick Scullion, partner, head of Foresight Capital Management, added.