Investment & Portfolio Consultants

What Investment & Portfolio Consultants does

Investment & Portfolio Consultants (IPC) is a London-based, independently owned boutique asset manager and investment advisor founded in 1995 by David Crystal and Zev Crystal. The firm delivers discretionary and advisory portfolio management for family offices, institutional clients, and professional investors, with its core expertise in global fixed income and macro strategies.

IPC's product suite rests on three pillars: single-security and multi-asset fixed income mandates spanning all maturities, currencies, and credit profiles; multi-asset portfolios combining strategic long-term allocation with risk-controlled active overlays; and liquid alternatives selected for convexity properties in sustained and volatile market regimes. A proprietary global bond market analysis software suite, developed in-house by Senior Portfolio Manager Leonard Watson, supports the firm's analytical workflow. Services are delivered on both discretionary and advisory mandates aligned to each client's specified risk appetite and return objectives.

The firm operates a direct, relationship-driven distribution model with no intermediary channels, relying on personal networks and referrals rather than broad marketing. Revenue is generated through negotiated asset management fees typical of institutional fixed-income mandates; no pricing schedule is publicly disclosed. The senior team comprises approximately six named professionals whose collective experience spans Goldman Sachs, Credit Suisse, RBC, Morgan Stanley, Merrill Lynch, and other international banks, anchored by ~40 years of cross-cycle experience from the founding Crystal brothers and 25 years of tenure from the senior portfolio manager.

Name

Investment & Portfolio Consultants

Legal name

Investment & Portfolio Consultants Limited

Website

https://investmentandportfolioconsultants.com

Company type

Private

Founded year

1995

Operating status

Operating

Headcount range

11–50 employees

Short description

Investment & Portfolio Consultants is an independently owned London-based boutique asset manager founded in 1995, specializing in discretionary and advisory global fixed income, multi-asset, and liquid alternative portfolio management for family offices, institutional clients, and professional investors.

Ownership category

akta.pro rank

Product category

Investment Management

NAICS

Portfolio Management and Investment Advice (523940)

SIC

Investment Advice (6282)

akta.pro primary industry

Advisory Portfolio Management (Non-Discretionary) (FSAAABAD)

akta.pro secondary industry

Portfolio Construction & Asset Allocation Advisory (FSAEAAAC)

Keywords

• Fixed income management
• Portfolio advisory
• Multi-asset investing
• Macro strategy
• Family office services

Headquarters

HQ city

London

HQ country

United Kingdom

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Compliance

Distribution channels1 record

Core offering

Investment & Portfolio Consultants (IPC) is an independently owned asset manager and investment advisor offering discretionary and advisory portfolio management services. The firm specializes in global fixed income and macro strategies, multi-asset portfolios, and liquid alternative solutions for family offices, institutional clients, and professional investors.

Product overview

Investment & Portfolio Consultants (IPC) is an independently owned asset manager and investment advisor offering a unified suite of investment management services. The core offering consists of discretionary and advisory portfolio management for family offices, institutional clients, and professional investors. IPC's primary investment strategies include Fixed Income Investing (global fixed income and macro strategies), Multi Asset Portfolios (blending strategic and active management approaches), and Liquid Alternatives (convexity-focused strategies). Founded in 1995, the firm emphasises capital preservation alongside return maximisation, with expertise spanning numerous investment cycles.

Differentiator

Problem solved

Functional benefit

Products and services

• Fixed Income Investing

Quantifiable outcome

• Leonard Watson nominated Most Astute Investor in Asia G3 Bonds for 4 consecutive years (2018-2021) by Asset.com

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Recent moves5 records

Expansion highlights2 records

Broad incumbents

• Man Group: London-listed large active alternative and multi-asset manager with discretionary fixed income and macro capability, plus systematic and liquid alternatives strategies. Adjacent to IPC on fixed income/macro and liquid alternatives themes, but operates as a global incumbent at vastly greater scale.
• GAM Holdings: Swiss-listed multi-affiliate active asset manager offering fixed income, multi-asset and liquid alternative strategies to institutions and intermediaries. Overlaps with IPC on fixed income and liquid alternatives capability but operates at materially larger scale and across many affiliate brands.

Direct peers

• Ruffer LLP: London-based independently owned boutique manager with a flagship multi-asset fund anchored in global fixed income and macro hedging, serving private clients, family offices and institutions. Highly comparable to IPC on independence, strategy mix, and HNW/family-office client base.
• Quilter Cheviot: UK wealth manager providing discretionary and advisory investment management to HNW individuals, families and trusts, with multi-asset and fixed income capabilities. Comparable to IPC on London base, client mix and discretionary/advisory dual-service model.
• JOHCM (JO Hambro Capital Management): London-based boutique active equity and multi-asset manager serving institutional and intermediary clients, with a strong UK HNW and family-office distribution footprint. Comparable to IPC as a UK boutique investment firm with a discretionary, research-led philosophy.
• Lombard Odier: Swiss private bank and wealth manager with a strong family-office and HNW franchise, offering discretionary multi-asset and fixed income mandates globally. Comparable to IPC on independence, family-office orientation and multi-asset/fixed income strategy mix, though at much larger scale.
• Brooks Macdonald: UK-listed wealth manager providing discretionary investment management and financial planning to HNW clients, with a significant fixed income and multi-asset offering. Comparable to IPC on HNW client focus and discretionary portfolio management model, though at materially larger scale.
• Troy Asset Management: London-based independent boutique investment manager focused on multi-asset, global equity and fixed income mandates for private clients, family offices and institutions. Closely comparable to IPC on independence, London base, multi-asset/fixed income mix, and HNW family-office clientele.
• Charles Stanley: UK wealth manager offering discretionary and advisory portfolio management to private clients, charities and intermediaries, with significant fixed income and multi-asset exposure. Comparable to IPC on service model, geography and HNW client focus.
• Cazenove Capital (Schroders Wealth Management): UK wealth and investment manager focused on HNW individuals, families and charities with multi-asset and fixed income mandates. Comparable to IPC in serving family offices and professional investors with discretionary and advisory portfolio management, though now part of the broader Schroders platform.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Investment & Portfolio Consultants