Durrant added that the work of bringing the businesses together has already begun. “there are a lot of complementary strengths. Wellian’s process is clearly a very good one, while we bring among other things our own quantitative investment tools in Portcullis and Semaphore to the table.
Claption said: “This represents a hugely positive step in the evolution of Wellian. The growing number of Independent Financial Advisers introducing their clients to Wellian will undoubtedly see this as adding to the strength in depth for the business. We are particularly excited about the addition of the Discovery Funds which complements our current award-winning offering”
Asked if any further acquisitions are planned, Durrant said: “we are a growth business and you will see more of this going forward as there remain consolidation opportunities. We are not trying to be a ‘pac-man’ but we are a growth business in what is a growth industry.”
