MitonOptimal UK operation sold to Dubai-headquartered firm
It is the acquirer’s first move into the British financial services sector
It is the acquirer’s first move into the British financial services sector
Deal will include an investment management and life insurance business
Deal is the multi-asset manager’s first strategic acquisition
Now Cyril Ramaphosa needs to gain support from foreign investors
Move sees investment manager exit the Isle of Man
Move prompted by SA market potential, which Swiss group plans to develop over long term
Asset manager’s new unitised funds will consist of three risk-rated portfolios
Cape Town-based Miton Optimal, a discretionary fund management specialist firm, has received a full capital markets licence from the Monetary Authority of Singapore.
Guernsey-headquartered asset management group MitonOptimal now has a presence in all three UK crown dependencies with the acquisition of Orchard Wealth Management.
As South African financial advisers await the election of president Jacob Zuma’s successor with bated breath, where this political uncertainty leaves the implementation of the Twin Peaks reforms and the next phases of RDR is anyone’s guess.
Coram Asset Management taken on a new name, MitonOptimal (UK), and announced the launch of a model portfolio service following its acquisition of Minerva Fund Managers earlier this year.
Dissecting advice and portfolio management can resolve the cost, performance and regulatory issues IFAs are facing, Scott Campbell, managing director and chief investment officer of MitonOptimal, tells International Adviser.