View more on these topics

Saltus acquires Altrincham-based wealth manager

Saltus Fund Management has acquired Altrincham-based wealth management firm Mercater Capital Management.

Mercater, which has £65m of assets under management, will trade under the Satlus name and will become the north-west hub of the business.

Mercater is the second acquisition by Saltus in 2012 after the group acquired Midlands-based discretionary fund manager Montague Capital in August 2012. Mercater was formed in 2003 and specialises in multi-manager investing. In 2005, the company acquired Scott Lang Investment Management, a UK based capital management company with offices in the north of England.

Saltus managing partner Simon Armstrong says: “This is a win-win deal for everyone. The combined business will benefit from additional resources and complementary expertise while clients and professional introducers can access our multi-asset approach, working within risk budgets and investing in a global pool of ‘best of breed’ specialist managers.

“This acquisition gives us the perfect base from which to pursue our growth plans in the North West. There is a high quality team in place and we are looking to increase the headcount in the areas of portfolio construction, client service and finance.”

Mercater chairman James Lange will become chairman of the combined private client business.

He says: “We have been approached by several companies keen to acquire us but none of them felt right culturally. When Saltus approached us, we knew the fit was right as we share the same philosophy of putting the client first.”

Saltus Fund Management is an independent investment management company founded in 2004 by Armstrong and Jon Macintosh. The business is based in London and currently manages in excess of £270m on behalf of clients.


Schroders: Sharp fall in UK manufacturing signals triple dip recession

Schroders European economist Azad Zangana says the sharp contraction in manufacturing in October could signal a triple dip recession for the UK in the fourth quarter of 2012. Zangana says the UK manufacturing output data surprised on the downside with a sharp contraction in October of 1.3 per cent compared to a month earlier. The […]


Simon Collin’s ethical case study: Restricting your Independence?

Scenario: You are an intermediary that has always promoted your services as an ‘independent adviser’ in the past. With RDR now coming up fast you are keen to retain the ‘independent’ badge but are unsure if the revised RDR requirements will enable you to do this, and if so, what changes you may need to […]

Scottish Life launches adviser-focused auto-enrolment proposition

Scottish Life is launching an automatic enrolment proposition targeting financial advisers. The provider’s offering allows advisers to determine the legal duties an employer will have, review their existing scheme and model different scheme designs. It then supports them in setting up a pension scheme for auto-enrolment and provides an online service to guide employers through […]

Ex-HBOS chief exec Sir James Crosby ‘very sorry’ for bank failure

Former HBOS chief executive Sir James Crosby says he is “very sorry” for his role in the bank’s failure in 2008. Giving evidence to the Parliamentary Commission on Banking Standards this week, Crosby, who was in charge of HBOS between 2001 and 2006 and a former FSA deputy chair, said he is “horrified and deeply […]

A modern horror story

Every day a quick scan of the news reveals some new horror that will change the lives of those involved forever – the unlucky accident on the way to work, a tragic illness that cuts a young life short or the holiday accident that leaves more than just a scar to cope with. We barely […]


News and expert analysis straight to your inbox

Sign up


    Leave a comment


    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