International expansion is planned for Arc under new ownership

Its takeover by Endiang Holdings, an investment holding vehicle controlled by Canadian entrepreneur Arthur Labatt, announced in January, has now been completed.

The new owners have committed to providing Arc with development capital to support its expansion plans, and in return senior management have agreed to multi-year lock-ins to the business.

'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,' said Graham Harrison, pictured, group managing director and founder of Arc.

'By aligning our interests with those of Endiang, this objective becomes an achievable proposition and one that we are very excited about.'

Mr Labatt has been an Arc client for the past decade. 'I have seen the quality of their staff and value of their services first-hand,' he said.

'I am delighted to be able to support Graham 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 "4-i's" of independence, integrity, insight and innovation.'