Managed

Rather than direct with discretionary manager

Co-managers for 20 years

Due diligence on CIPs 'virtually impossible'

Cautious asset mix

Now shut around a third of fund range

Ten funds holding more than £200m in total assets moved as part of deal

Firm describes portfolios as 'premium HNW solution for all clients'

CISI-IFP merger is 'biggest opportunity'

Former Aberdeen manager takes healthcare charity role

Focus on Merlin range