M and A
Sanlam Makes Trio Of Acquisitions, Nets £77 Million In Assets
Sanlam Private Wealth, a UK arm of South Africa’s Sanlam Group, has netted an additional £77 million ($123 million) in assets with a trio of acquisitions – its second IFA hat-trick of the year.
The firms are Gloucestershire-based Stratton Annette's, Swansea-based Sheriton Financial Services, and a third, as yet unnamed, firm based in the southwestern region.
The client books of Stratton and Sheriton are worth £27 million and £25 million respectively, with the unnamed firm bringing in the remaining £25 million in assets.
