Sanlam Private Wealth snaps up three advisory books

The firms has acquired Oakdene Practice in Bristol, Parkgate Financial Solutions in Warrington and Libra Associates in Dorset.  The firm's regulated advisers - six in total spread across the businesses - plan to exit the industry before the end of the year. The acquisitions will provide SWM with £450,000 in yearly trail income and £75m in funds under investment, in addition to the £650m Sanlam currently manages. Sanlam said it will actively service 650 clients as a result of the agreement, which chief executive Nigel Speirs (pictured) said would involve seeing them once or twice a ...