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Sanlam UK acquires Grennan Advisers LTD

 

Sanlam UK, wealth manager and part of the international financial service group Sanlam Ltd, has today announced that it has acquired Grennan Advisers Ltd, a financial planning business based in East Yorkshire.

Grennan Advisers Ltd was launched in 2013 by Stuart Grennan and Helen Chapman, and specialises in providing holistic financial planning services for high net worth individuals and business executives. The deal will see Sanlam UK acquire Grennan Adviser Ltd’s book of clients and £60 million of assets under management.

Stuart and Helen will work with Sanlam UK to support the handover and integration of client relationships.

Commenting on the acquisition, John White, CEO of Sanlam’s wealth division, said: “Grennan Advisers Ltd is a high-quality business with an ethos of providing excellent service and delivering clients’ long-term financial ambitions. As such, it very much reflects our approach at Sanlam. It is testament to our business and our vision that Stuart and Helen have chosen Sanlam as the obvious home for their discerning clients.”

Stuart Grennan and Helen Chapman, Chartered Financial Planners and founders of Grennan Advisers Ltd, said: “From the outset, we were impressed with Sanlam’s client-centric attitude and its desire to provide a truly outcome-driven service. We have always prided ourselves on delivering a relevant proposition that also gives clients peace of mind, and are delighted that Sanlam will continue with this approach.”

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Notes to editors

 

Sanlam Limited is an international financial services group with a listing on the Johannesburg Stock Exchange and a market capitalisation of £7 billion. Established in 1918 – and celebrating 100 years on 8 June 2018 - the group provides a range of services to over 10 million clients globally, including insurance, financial planning, investments and wealth management.
 
Sanlam UK is led by CEO Jonathan Polin. The firm consists of a number of long established businesses, including:

  • Sanlam Private Wealth: The discretionary fund manager with £2.7 billion of client assets under management.

  • Sanlam Investments & Pensions: The life and pensions business with in excess of £2.7 billion of assets under administration.

  • Sanlam FOUR: The boutique asset management and fund business which manages over £5.9 billion in both single strategy and long only funds and specialist multi-asset solutions.

  • Sanlam Wealth Planning: The national financial adviser with nearly £2 billion of client assets under advice and 60 UK-based advisers.

  • In total, the firm has over £13 billion of assets under management or influence.

  • Sanlam UK attained its size, strength and reputation by leveraging the benefits of having a large secure South African parent company while focussing on individual client service delivered locally in the UK.

For more information please contact:      

Teamspirit Public Relations on
0207 360 7877 / Sanlam@teamspiritpr.com

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