View the article online at http://citywire.co.uk/wealth-manager/article/a730104
Seneca aims to double assets through Miton deal
by Elsa Buchanan on Jan 28, 2014 at 12:45
As part of its existing proposition, Seneca offers a Growth Capital EIS, Turnaround Investment and Private Equity funds.
In 2011 Seneca opened up its alternative fund range proposition to ultra-high net worth investors, financial advisers and private bankers. However, Eaton said he wanted to offer a broader proposition to intermediaries.
‘[The Miton team] knew us well, because we are local, and it was logical to us that the business didn’t fit as part of the London-based business.
‘Miton, which has been very successful with Gervais Williams, is very much a London business and it was tricky for them to run a business based out in Liverpool. It has always been managed separately from the Reading and London divisions,' Eaton explained.
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