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

FNZ hit with $4.6bn class action from employee shareholders

FNZ hit with $4.6bn class action from employee shareholders

Claimants argue institutional investors received new shares and warrants on more favourable terms

Sahar Nazir
clock 28 July 2025 • 1 min read
FCA drops cases against two LIBOR scandal traders amid Supreme Court judgement

FCA drops cases against two LIBOR scandal traders amid Supreme Court judgement

Tom Hayes and Carlo Palombo

Linus Uhlig
clock 28 July 2025 • 1 min read
FOS CEO Abby Thomas received £230,000 payout after sudden exit

FOS CEO Abby Thomas received £230,000 payout after sudden exit

Includes £100,000 loss of office compensation

Sahar Nazir
clock 28 July 2025 • 2 min read