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View the article online at http://citywire.co.uk/wealth-manager/article/a744542

Ingenious AM and Thurleigh to merge

by Danielle Levy on Apr 03, 2014 at 09:29

Ingenious AM and Thurleigh to merge

Ingenious Asset Management and Thurleigh Investment Managers are to merge.

The deal has received FCA approval and is scheduled to complete at the end of April. Ingenious and Thurleigh will combine their investment teams and manage £1.8 billion in discretionary private client assets and platform- based model portfolios

Ingenious was established in 2003 and specialises in managing money on behalf of individuals, charities, families, trusts and pension funds. Ingenious, meanwhile, manages £1.5 billion of client assets, primarily in global multi-asset portfolios, and manages over £120 million on platforms

Also established in 2003, Thurleigh, run by Charles MacKinnon (pictured) manages £300 million assets on behalf of private investors, family offices and charities

1 comment so far. Why not have your say?

CoeurDeLion87

Apr 03, 2014 at 11:44

Looks more like a takeover of Thurleigh by Ingenious based on AuM. Another boutique presumably which faced up to regulatory intensity effecting it gaining more AuM traction. This trend is unlikely to be good for investors as choice is rapidly diminishing against a fee war backdrop ensuing with Nutmeg, Strawberry gaining ground in the ball park & platforms continuing to aggregate. It seems performance and service is playing second fiddle to price, platforms & compliance.

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