Sanlam buys 20% stake in Caerus network

Carmen Reichman
clock

Wealth manager Sanlam UK has bought a 20% stake in the Caerus network alongside the firm's entire asset management business.

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...

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

PA360 2025: In pictures

PA360 2025: In pictures

Professional Adviser's flagship conference returned to London this month

Professional Adviser
clock 12 May 2025 • 1 min read
Trial of former Titan Wealth employee rescheduled as defence prepares abuse of process argument

Trial of former Titan Wealth employee rescheduled as defence prepares abuse of process argument

Prosecution ready to proceed but court agrees to delay trial until late August

Sahar Nazir
clock 09 May 2025 • 2 min read
Professional Adviser TV: Female leadership and overcoming business barriers

Professional Adviser TV: Female leadership and overcoming business barriers

With WIFA winner and short lister Frankie Smith

Professional Adviser
clock 09 May 2025 • 1 min read