Saltus snaps up wealth manager Mercater

Discretionary fund manager Saltus Fund Management has bought Altrincham-based wealth manager Mercater Capital Management for an undisclosed sum.

The move - which will see the combined entity trade under the Saltus name - brings Mercater's £65m of discretionary assets onto the group's book. Simon Armstrong, managing partner at Saltus, said: "This is a win-win deal for everyone. The combined business will benefit from additional resources and complementary expertise while clients and professional introducers can access our multi-asset approach, working within risk budgets and investing in a global pool of ‘best of breed' specialist managers." James Lang, chairman of Mercater, who will become chairman of the combined private clie...