Sanlam Private Wealth snaps up three advisory books

Nicola Brittain
clock

Sanlam Private Wealth (SPW) has acquired three advisory firms, bringing in a combined £75m in funds under advice.

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 ...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Your profession

FCA non-financial misconduct scrutiny puts pressure on advisers to confront culture

FCA non-financial misconduct scrutiny puts pressure on advisers to confront culture

Macfarlanes warns advice firms to prioritise misconduct and whistleblowing frameworks

Sahar Nazir
clock 13 May 2025 • 2 min read
PA360 2025: The day in pictures

PA360 2025: The day in pictures

Professional Adviser's flagship conference returned to London this month

Professional Adviser
clock 13 May 2025 • 1 min read
Why it's time for the adviser community to take some advice of its own

Why it's time for the adviser community to take some advice of its own

'We have to bring about positive change through ever-closer collaboration'

Cara Robinson
clock 13 May 2025 • 4 min read