Investments  

Miton Optimal buys Wolverhampton-based adviser

Miton Optimal buys Wolverhampton-based adviser

Fund manager Miton Optimal UK have announced the acquisition of Wolverhampton-based intermediary business Central Investment Planning.

Miton Optimal UK was formed in October 2016 when Coram Asset Management was acquired by Channel Islands-based investment manager Miton Optimal.

The company also acquired Minerva Fund Managers in July 2017.

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Central Investment Planning has assets under advice exceeding £100m.

The company will change its name to Miton Optimal Portfolio Management as a result of the acquisition.

Sandy Baker, director at Central Investment Planning, said: "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 Miton Optimal has at its disposal.

"The deal puts in place a long-term secure investment solution for our clients."

david.thorpe@ft.com