Capital, Sentio Capital Management and RMI Specialist Managers.
Meyer says RMI IM’s model is to buy minority equity stakes in independent asset managers and support their growth by aligning themselves with the management teams and clients of their affiliates. “We do not interfere with the investment process, which is a core principal that defines what we do, as well as not taking a majority shareholding. The independence of the independent asset manager is its most important asset.”
The value RMI IM contributes to its partners is a mixture of strategic input on business management and succession planning, a capital injection to help fund growth initiatives, operational capabilities and support, and distribution. This latter contribution is a three pronged strategy via support of the affiliate’s existing distribution capabilities, RMI IM’s own distribution team as well as via MMI Holdings that provides reach through its wealth advisory and other distribution platforms.
“Our value-add differs depending on the affiliate. For younger businesses, help with asset growth, profile building and professionalising the business is most important. For more established businesses, succession planning and generational transfer of ownership among the investment team is often highest up on the list,” says Meyer.