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Worldwide Capital merges with GTC, enhancing asset management capability

11 May 2017 Gary Mockler, GTC Group
Gary Mockler, CEO OF GTC Group.

Gary Mockler, CEO OF GTC Group.

Specifically smart beta tracking and indexation capabilities.

Leading financial advisory business GTC proudly announced the merging of Worldwide Capital (WWC), an asset management business with core capabilities in the areas of smart beta tracking, indexation and the portfolio construction of bespoke investment products, with GTC.

The merger, effective April 2017 sees WWC fully integrated into the asset management capability of GTC. GTC also gains a turnkey Protected Cell Company structure in Mauritius through the transaction.

“We’re delighted to have Worldwide Capital join our organisation,” says Gary Mockler, GTC’s Group CEO. “We look forward to offering our clients the additional capability of low-cost algorithmic - or passive - investing, which can be constructed on a tailored basis”.

GTC, formerly Grant Thornton Capital, currently provides a wide range of financial advisory, wealth management and employee benefits administration services to more than 2500 private clients; and some 85 000 retirement fund members, managed through a range of 300 company retirement funds, managing over R34 billion of clients’ monies.

“Our merger with GTC corresponds exactly with WWC’s strategic goals and offers many additional dynamic synergies for us,” says Manty Seligman, CEO of Worldwide Capital. “We are excited to be working with the GTC team, where our specific expertise will contribute to GTC’s broad range of specialisations.”

GTC’s continued growth through organic and acquisitive strategies has seen the group integrate a number of investment and associated financial advisory businesses since 2014, including the stockbroking and derivatives businesses of Brockhouse Cooper and Bolus and Bolus.

“We continue to build our business through considered vertical integration with GTC providing clients with a broad range of capabilities centered around our employee benefits consulting and administration and our private client wealth management. Consistent over our 26-year history, GTC’s acquisitive stance continues to play an integral role in our ongoing business development,” concludes GTC’s CEO, Gary Mockler.

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