Cirilium is a joint investment venture between Henderson and Intrinsic, the 3000-strong adviser network. Henderson and Intrinsic currently each hold a 50 per cent stake in the venture.
Old Mutual acquired the network in February, after talks were first revealed by Money Marketing in December.
The Henderson/Intrinsic investment arm, which currently supports £1.4bn of investments, remains part of the Intrinsic investment panel. Old Mutual indicated upon completing the acquisition that there were no plans to remove the venture from the panel.
Money Marketing understands Old Mutual is in discussions about the possibility of acquiring the remaining 50 per cent share from Henderson, though no firm decision is thought to have been made as Old Mutual is considering a number of options.
A joint statement for Henderson and Old Mutual says: “No changes are being made to the Cirilium proposition at this stage. It is a joint venture between Intrinsic and Henderson and so naturally both companies will be looking at how to develop the proposition in future because it remains the core investment solution for Intrinsic’s restricted advisers.”
It is understood no changes to the proposition will be made before the Intrinsic deal gains regulatory approval, which is expected later this year.