MitonOptimal is to acquire Central Investment Planning (CIP). With assets under advice exceeding GBP100 million, 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.
CIP, an investment advisory business based in the Midlands and led by Directors Sandy Baker and Fiona McCaig, offers investment advisory services to high net worth clients.
The company will adopt the name of MitonOptimal Portfolio Management, bringing it into line with the wider group.
MitonOptimal International Managing Director, Scott Campbell (pictured), says: “We are delighted to welcome Sandy Baker, Fiona McCaig and their associates to the team. As we continue to develop our discretionary fund management, model portfolio services and funds business on a global basis, this was a sensible next step for both parties.”
MitonOptimal UK Managing Director, James Sullivan, adds: “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 our service offering. CIP will be a very valuable addition to our UK business.”
Central Investment Planning Director, Sandy Baker, says: “With increased regulation for boutique investment businesses, MitonOptimal was a logical choice to partner for the future. We wish to focus on delivering superior client service and can leverage off the significant investment management experience, processes and resource that MitonOptimal has at its disposal. The deal puts in place a long-term secure investment solution for our clients”.