Sanlam buys 20% stake in Caerus network

The company will have the option to buy the remainder of the network in three years' time. The deal is yet to receive regulatory approval. Sanlam's investment will be used to develop and scale up the adviser network, the firm said. Related reading: Caerus tumbles into the red following Paradigm takeover They said they will also focus on adviser training and succession planning following the deal. Caerus Portfolio Management will outsource investments to Sanlam Four after the deal, which is Sanlam's joint operation with Four Capital, which it acquired last September. Sa...