Combined, the business will conduct investment research and due diligence on funds, multi-manager products and models as well as discretionary fund management offerings and will also assess specialist illiquid investment instruments.
The Adviser Centre’s parent company Embark Group, which has offices on the UK and internationally, took over the firm in October 2016, aims to create ‘a leading digital retirement solution provider.’
The latest deal will accelerate the group’s expansion into multi-asset and discretionary fund management research, according to Embark chief executive Phil Smith.
He said: “I am absolutely delighted to see us extending our reach into multi-asset and DFM research so quickly. Scopic has exceptional capabilities and solid market relationships and combines well with our wider investment research and due diligence capabilities.”
The firm will trade under both The Adviser Centre and Scopic Research names, and will be led by Peter Toogood, current investment director at The Adviser Centre.
“We are excited by the combination. We have collaborated with Paul Ilott and the Scopic Team over a long period and our activities are highly complementary, ” said Toogood.
The new combined business comes into effect immediately, having already gained regulatory approval.
