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Deals Of The Day: The Latest In Wealth Management M&A

Editorial Staff

25 July 2018

Sanlam UK
UK financial planner , the group’s wealth management arm.

Founded in 2004 with offices in Croydon and London, Evolve provides financial and investment planning advice across the UK with a concentration of clients in the Home Counties.

Evolve founder and managing director Antony Williams will join the group along with all of Evolve’s directors and advisors, expanding Progeny’s wealth management operation in the South of England.  Evolve’s clients will also be able to benefit from the group’s services.

This latest acquisition grows Progeny Wealth’s assets under advice to over £1 billion ($1.32 billion) for the first time. 

The financial terms of the deal were not disclosed.