Sanlam UK has inked a deal with Statehouse Financial Management which will see the Wiltshire-based firm adopt Sanlam's hybrid advice model.
The partnership means Statehouse clients will initially be offered products and services from companies operating under the Sanlam umbrella but, if this does not meet client needs, then a whole of market solution will be sought.
Whilst Statehouse is one of the first firms to adopt the company's hybrid model - launched last year - Sanlam is in discussions with a number of other IFA firms also seeking to adopt it.
"The retail distribution review is going to be the biggest shake up in our industry since the Financial Services act itself," said Sanlam UK head of distribution Nigel Speirs (pictured).
"It is vital that businesses work out their business strategy ahead of the deadline."
The deal comes on the back of Sanlam Private Wealth acquiring the client banks of Llanelli-based Brian D Thomas Financial Planning Services and Kent-based George Ognibeni last month as part of an acquisition strategy based on purchasing firms of retiring IFAs.
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