Asset Risk Consultants is planning to open offices in London, Switzerland, Canada and the Cayman Islands following the completion of its acquisition by Endiang Holdings.
The deal, which was agreed in principle in January, will provide funding for Channel Islands-based Arc’s expansion over the next 12-18 months. It also aims to expand its range of manager research and portfolio performance reporting to the fiduciary sector and IFAs through its web-based Suggestus research portal.
Endiang, the investment vehicle controlled by Canadian entrepreneur Arthur Labatt, said all of the Arc management team have agreed ‘multi-year lock-in arrangements.
Graham Harrison, group managing director and Arc founder (pictured), said: ‘The transaction will enable us to take our ambitious expansion plans forward with the goal of becoming a leading global private client investment consulting practice, with sustainable operations in Europe, North America and Asia, by 2020.
‘By aligning our interests with those of Endiang, this objective becomes an achievable proposition and one that we are very excited about.’
Labatt added: ‘Having been a client of Arc for the past decade I have seen the quality of their staff and value of their services first hand. I am delighted to be able to support Graham and his team in their ambitious expansion plans. With significant wealth comes significant responsibility.
‘Like me, I believe many wealthy families and their advisers will be attracted to Arc's “4-i's” of: independence, integrity, insight and innovation.’