Boutique wealth manager and corporate broking group Oberon has announced a significant step in its national growth strategy with the planned acquisition of WH Ireland’s Wealth Management business, representing approximately £850 million in client assets under administration.
The agreement, valued at £1 million in cash, will see Oberon acquire the division’s business and key assets, subject to shareholder approval by WH Ireland Group plc. Completion is expected in October 2025.
This transaction will strengthen Oberon’s position as one of the UK’s fastest-growing full-service boutiques. It will expand its presence beyond its London headquarters and Basildon back office by adding offices in Manchester and Poole, extending regional coverage, client reach, and operational capability.
WH Ireland’s advisers, investment managers, and support staff will transfer to Oberon as part of the deal. Clients will therefore continue working with their trusted teams while also benefiting from Oberon’s wider expertise, infrastructure, and platform.
Simon McGivern, CEO of Oberon, said:
“This is a transformational moment for Oberon. Welcoming WH Ireland’s clients and teams into our group is a natural and exciting next step. We’re building a national wealth management platform that is personal, agile, and high-performing – and this acquisition ticks every box.
Clients can expect continuity with their trusted advisors, enhanced by access to the broader capabilities of the Oberon Group. Our new offices in Manchester and Poole will reinforce our UK presence and our commitment to providing best-in-class service across the country.”
The deal comes after Oberon’s successful fundraising round, which secured £4.58 million through convertible loan notes and an equity raise. This funding equips the company to support integration and accelerate future growth.
For WH Ireland’s clients, the arrangement ensures continuity of service underpinned by greater resources. A Transitional Services Agreement will guarantee a seamless transfer, with no disruption to daily operations.
The Road Ahead
- Acquisition covers c. £850m of Assets under Administration
- New offices added in Manchester and Poole
- WH Ireland’s advisory and operations teams to join Oberon
- Smooth transition under a Transitional Services Agreement
- Completion scheduled for October 2025, pending shareholder approval
