Michael Kerr Dineen’s new venture has attracted more than £1 billion in client assets just four months after launch, as it looks to set itself apart from its “commoditised” competitors.

Vermeer Partners, a private client investment manager, was launched by Mr Kerr Dineen (chairman) and Simon Melling (chief executive) earlier this year. Mr Melling is the former chief executive of stockbroker Cenkos Securities.

“Both felt there was a real need for a wealth management firm where investment professionals could act as a partnership and own a stake in their own firm, while providing their clients with the personal ca...