Wren Investment Office, an independent wealth advisory firm serving ultra-high net worth families, has opened for business in London.
Wren Investment Office will serve as an independent family advocate, providing wealthy families access to a global platform with servicing options in the UK, Europe and the US.
The core team at Wren Investment comprises former members of Lord North Street Private Investment Office, which merged with SandAire in March 2014.
The firm is backed and co-owned by US-based WE Family Offices and Spain-based MDF Family Partners. The three firms will remain separate companies but will collaborate to leverage the investment opportunities, relationships and services of each firm.
Mel Lagomasino, CEO of WE Family Offices, and Michael Zeuner, managing partner of WE, will serve as non-executive directors at Wren.
Lagomasino said: "The launch of Wren Investment Office is an exciting development. The philosophy of sustaining family wealth by managing it like a well-run company has been highly successful here in the US and it is a philosophy our colleagues in Europe fully subscribe to.
"The team at Wren shares our commitment to independence, a simple fee structure and adherence to always putting clients' interests first. We look forward to working with Wren. Our alliance with Wren is a significant step toward building a truly independent, aligned and global wealth advisory service platform for ultra-wealthy families."