Sanlam Private Wealth snaps up two more client banks

Nicola Brittain
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Samlam Private Wealth has bought two more financial planning client banks - taking the total of acquired banks to 15 since 2009.

The UK-based division of the South African headquartered company has acquired Telford-based Cornforth Consultants Wealth Management and Shropshire-based Wealthport.  Conforth Consultants has 225 active clients and £32.2m under influence. A small number of Sanlam Private Wealth advisers will relocate to the Telford area to service these clients. Conforth adviser and owner Mark Woodland will remain as a consultant to the business to assist with the transition. He said: "We chose to work with Sanlam above other companies because they benefit from the resources of a major multinational...

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