MitonOptimal acquires investment advisory business

MitonOptimal has announced that it has agreed the acquisition of Central Investment Planning (CIP) in order to enhance its investment capabilities.

The specialist global multi-asset management company, which has a presence in Guernsey, South Africa, UK, Singapore, and the Isle of Man, said in a statement that following the deal CIP would adopt the name of MitonOptimal Portfolio Management, bringing it into line with the wider group.

The acquisition of CIP will enable MitonOptimal to develop its bespoke portfolio management offering, complementing the existing model portfolio service and multi-asset fund range, the company said.

CIP, is investment advisory business based in the Midlands, UK and has assets under advice exceeding £100m. It is led by directors Sandy Baker and Fiona McCaig, offers investment advisory services to high-net-worth clients.

Global expansion

MitonOptimal International managing director, Scott Campbell, said that the deal would help the company to develop its discretionary fund management, model portfolio services and funds business on a global basis.

UK managing director, James Sullivan added that following the acquisition and successful integration of the Minerva business last summer, providing us with the foundations to launch our model portfolio service, the capability to provide bespoke portfolios is the “next logical step” in broadening out the company’s service offering.

As reported, Coram Asset Management was acquired by the Miton group to become MitonOptimal UK in October 2016.

Founded in 2002, MitonOptimal offers a range of multi-asset funds, discretionary fund management and portfolio management services to a broad range of private clients, intermediaries and institutional investors around the world. Minerva Fund Managers was acquired by MitonOptimal UK in July 2017

Central Investment Planning was established in 1988 to provide investment advisory services to high-net-worth clients, specialising in pensions and investment advice.

ABOUT THE AUTHOR
Gary Robinson
Head of Video and Ezines at Open Door Media Publishing. An experienced journalist and filmmaker with more than 20 years' financial services experience, both as journalist and originally as a fully qualified IFA, Gary works across both International Investment and InvestmentEurope titles. Previous video production credits include projects on BBC, C4 and SKY.

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