Equity Secured For ARC Group's International Expansion
by Jason Gorringe, Lowtax.net, London
17 July, 2014
Channel Islands-based independent consulting practice, Asset Risk Consultants has been sold to Endiang Holdings Inc, and now plans to open offices in London, Switzerland, the Cayman Islands, and Canada in the next 12 to 18 months.
ARC is an independent, privately-owned consulting practice based in the Channel Islands with offices in both Guernsey and Jersey. It provides investment consulting services on both funds and private portfolios. Following the takeover, ARC will be expanding its range of manager research and portfolio performance reporting services to the fiduciary sector and independent financial advisers through its web-based research portal.
Graham Harrison, Group Managing Director and founder of ARC, said: "The transaction will enable us to take our ambitious expansion plans forward with the goal of becoming a leading global private client investment consulting practice, with sustainable operations in Europe, North America and Asia, by 2020. By aligning our interests with those of Endiang, this objective becomes an achievable proposition, and one that we are very excited about."
Arthur Labatt, controller of Endiang, said: "Having been a client of ARC for the past decade, I have seen the quality of their staff and value of their services first hand. I am delighted to be able to support [Harrison] and his team in their ambitious expansion plans. With significant wealth comes significant responsibility. Like me, I believe many wealthy families and their advisers will be attracted to ARC's four I's of: independence, integrity, insight, and innovation."
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