Investment service Ravenscroft is expanding with the imminent acquisition of MiltonOptimal Group.
The acquisition will see MiltonOptimal’s team move across to Ravenscroft once the sale, at an undisclosed price, is complete.
“The acquisition will see MitonOptimal’s experienced team join Ravenscroft, increase our assets under administration and provide us with further opportunities in the Channel Islands, the UK and further afield," said Ravenscroft group managing director Mark Bousfield.
The group CEO of MiltonOptimal said the firm are looking forward to joining Ravenscroft.
“Ravenscroft’s growth in recent years has been considerable and it now has more than 130 staff and five offices across four jurisdictions,” said Simon Sharott.
“We are confident that their discretionary investment management offering will appeal to our clients, bringing benefits from greater scale, new service offerings and an expanded distribution reach. We are all looking forward to being part of the Ravenscroft team, integrating our business and being instrumental in future growth.”
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