Minerva’s director Paul Warner, and daughter Sarah Warner, will join Coram as part of the deal, alongside their unitised portfolios of around £40m ($51m, €45m) assets under management.
With pre-acquisition AUM of £75m, MitonOptimal-owned Coram will soon launch a range of model portfolios, four of which will be risk-rated and three will have an SRI slant, run with Warner who has 20 plus years’ experience in this space.
The model portfolio service will sit alongside Coram’s existing Global Defensive, Global Balanced and Global Opportunities funds.
Right opportunity
James Sullivan, director of Coram AM, said: “Coram is a progressive company, we are on the front foot and we want to grow. Naturally we want to grow organically, but if the right acquisition presents itself you’d be a fool to not pursue it.
“When Martin Gray sadly died last year, it left a hole in the team and so part of the thought process behind this deal is that in Paul Warner we are bringing across somebody who carries a great degree of wisdom, experience and knowledge which are attributes that money cannot buy.”
Warner added: “Together, I believe we can offer our introducing IFAs and their clients an even better investment proposition.
“Minerva’s experience in managing model portfolios and SRI investing, coupled with Coram’s economic perspectives and experience in managing funds, will provide an enviable solution to IFAs and their clients.”
