The integration of the two companies will see the Reeves investment team relocate to Well Capital’s Tunbridge Wells office.
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Reeves IM managing director Eric Clapton has also taken over as managing director of Wells Capital with immediate effect.
Commenting on the deal, Wells Capital owner Karen Vidler said there were cultural and operational similarities between the two businesses which made the acquisition agreeable for both parties.
"It became clear early on that there were huge similarities, both culturally and operationally, between Wells Capital and Reeves Investment Management, and a combined conviction for client service reinforced this,’ Vidler said.
Clapton said: "I am delighted with this transition for the business as we recognize the need for value and expertise, and the enlarged business facilitates this. In these uncertain and challenging investment conditions, it is more than comforting to be working with a dedicated and highly capable team of professionals."
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