Wealth Manager - the site for professional investment managers

Register to get unlimited access to Citywire’s fund manager database. Registration is free and only takes a minute.

ARC set to become subsidiary of Caribbean firm in North American push

1 Comment
ARC set to become subsidiary of Caribbean firm in North American push

ARC Group is set to be acquired by an 'affiliate' of the Labatt family, which would see it become a subsidiary of the firm and establish operations in North America and the Caribbean.

Negotiations with the 'affiliate' are at an advanced stage and ARC group managing director Graham Harrison (pictured) said his employees would retain a ‘significant’ shareholding in the firm following any deal.

Arthur Labatt, who co-founded Canadian mutual fund company Trimark, said: ‘I am absolutely delighted to be able to help ARC expand its services into the North American market.

‘Wealthy families on both sides of the Atlantic desperately need the independent advice and practical guidance on their investment affairs that ARC consistently delivers.’

Harrison added: ‘This represents an extremely exciting development for ARC, providing a secure capital base to underpin our ambitious expansion plans without compromising our independence, which we know is essential for our clients.’

ARC, which was founded in 1995, has around 50 staff in Guernsey and Jersey and its private client indices reached their tenth anniversary in December last year.

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.
Citywire TV
Brewin's Gutteridge: bonds with Ian Spreadbury

Brewin's Gutteridge: bonds with Ian Spreadbury

This week Brewin Dolphin's research head chats to Fidelity's Ian Spreadbury about the recent behaviour of interest rates and credit spreads.

Play Can tech advances explain the UK productivity puzzle?

Can tech advances explain the UK productivity puzzle?

Much of the productivity puzzle of the last eight years may be explained by a failure to capture new tech

Brewin's Gutteridge: Yuan direction

Brewin's Gutteridge: Yuan direction

This week Brewin Dolphin's research head chats to Fidelity Asian Investment Directors Jenny Lee and Gary Monaghan about the big changes in China.

Your Business: Cover Star Club

Small is beautiful: wealth firms still see value in less rich

Small is beautiful: wealth firms still see value in less rich

Latest statistics from findawealthmanager.com show that there are many firms who still service smaller clients.

Wealth Manager on Twitter