Scopic Research is to join forces with The Adviser Centre as the two consultancies aim to become a "total research solution" for intermediaries looking to outsource investments.
The Adviser Centre became part of the Embark Group in October, which has allowed the two consultancies to "join forces", according to Scopic Research managing director Paul Ilott.
"We had realised for some time Scopic needed a bigger, better resourced parent with better connections to the intermediated market," he said. "Embark's purchase of The Adviser Centre proved to be the catalyst to put this thought into action."
Scopic will retain its own identity but the two consultancies will share their expertise, Ilott said, adding: "This seems like an ideal fit for us to provide a total research solution for intermediaries that encompasses not only outsourced investment solutions such as multi-manager but, increasingly, discretionary fund manager and single strategy."
The team is now looking to enhance its services via its online application ‘Prism', which is a look-through into its "unique" database of multi-manager propositions.
It currently covers 27 different fund groups and provides around 30 fields of information on all the propositions offered by those fund groups, which intermediaries can search - in addition to obtaining detailed commentaries on those propositions.
"The Adviser Centre assesses the capability of the types of underlying manager that multi-managers and discretionary fund managers are likely to have in their portfolios so we are a very good fit," Ilott explained.
"Up until now, our focus has been on the multi-manager market but increasingly we will be looking to research discretionary fund manager propositions so we can own the investment outsourced solution space and give a total solution for intermediaries looking to outsource investments."
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