The target company, Discretionary Investment Services Coming Under Scrutiny (or DISCUS), is an online provider of free analysis, content and advice on the outsourced investment market, specialising in discretionary management.
Back in October, The Adviser Centre was itself bought by Embark Group, a “full scale retirement solutions provider,” that oversees £8.2bn of assets under administration on behalf of 84,000 clients.
Since becoming a part of Embark, it has absorbed online multi-asset and multi-manager research business, Scopic Research.
The new deal with DISCUS adds to The Adviser Centre’s discretionary investment management research component, explained managing director and Embark CIO Peter Toogood.
“This portfolio of services represents a unique investment research offering within the adviser market.
“Paul Ilott, director of Scopic Research, and I look forward to working with Gillian and Abbie of DISCUS in developing the overall investment research business even further.”
Embark CEO Phil Smith said all the businesses in the group’s portfolio share common ground in assisting the financial adviser community and “are highly complementary to our core SIPP, SSAS and Wrap capabilities.”
