View more on these topics

Old Mutual could buy out Henderson in Intrinsic joint venture

Old Mutual Wealth is considering acquiring the 50 per cent stake in Cirilium currently owned by Henderson, Money Marketing understands. 

Cirilium is a multi-manager joint venture between Henderson and Intrinsic, the 3000-strong adviser network. Each hold a 50 per cent stake in the venture. 

Old Mutual acquired Intrinsic in February, after talks were first revealed by Money Marketing in December.

Cirilium, which supports £1.4bn of investments, remains part of the Intrinsic investment panel. On ann-ouncing the Intrinsic deal, Old
Mutual said there were no plans to remove the venture from the panel. 

The asset manager is understood to be in talks about acquiring the remaining 50 per cent share from Henderson but no firm decision has been made as Old Mutual is considering a number of options. 

A joint statement from Henderson and Old Mutual says: “No changes are being made to the Cirilium proposition at this stage. 

“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 that no changes will be made to the proposition before the Intrinsic acquisition gains regulatory approval.

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment

    Close

    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm

    Email: customerservices@moneymarketing.com