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Sanlam & CAERUS Confirm Partnership Deal

Joint Release

We announce that, for an undisclosed sum and subject to FCA approval, the Sanlam UK Limited group will:

  • Purchase CAERUS Portfolio Management Ltd
  • Acquire an equity investment of 19.9% in CAERUS Holdings Limited

Lukas van der Walt CEO Sanlam UK: “We make no secret of our vision and desire to be a leader in wealth creation in the UK. To achieve our goals we must align ourselves with suitable and appropriate parties and to that end we are delighted to announce our partnership with CAERUS.

CAERUS operates an integrated wealth management model that suits us perfectly. Financial advice of the highest standard delivered through its network of restricted and independent members with discretionary investment management services provided via CAERUS Portfolio Management. This is the start of a long term journey which I hope will ultimately result in the unification of our businesses.”

The creation of this new, long-term partnership will mean that:

  • CAERUS Portfolio Management Ltd. will outsource all investment management activities to Sanlam FOUR on completion of the transaction
  • Through the Sanlam equity investment in CAERUS Capital Group Ltd, that business will immediately receive capital to accelerate and intensify the development of the CAERUS advisory service for Clients, in terms of both quality and scale.

Keith Carby CEO CAERUS Capital Group Limited: "In partnership with Sanlam, we intend to set new standards in wealth management. Our Clients can now be even more confident of getting their desired outcomes as a result of us combining the strengths of our two businesses; first rate advice and service backed by world class investment management and global expertise. Clients can take comfort in the fact that we can now deploy even stronger, more comprehensive and integrated resources to achieve their desired outcomes.   As an advisory and investment management business, we will be even better placed to meet Client needs, now and in the future.”

Lukas van der Walt: "Whilst our vision and objective is unification, the fundamental rationale behind our partnership is to serve customer interests. We are committed to the vertically integrated distribution model in this country believing it best suited to delivering positive customer outcomes. We’ve been extremely impressed with both the management and advisory team at CAERUS and it’s obvious to us that, coupled with our product and investment expertise, we can build a force to be reckoned with; one that is customer focused, dedicated to the achievement of excellence and ultimately helps people to live the best lives possible.”

Both Sanlam and CAERUS are committed to providing access to financial planning advice to the UK consumer at a time when it has never been more relevant. Ensuring appropriate succession planning for the advisory Firms within CAERUS will form an important part of the partnership, as will training and development.

Keith Carby: The Government’s recent pension reforms have created a wide range of options for consumers seeking to save and invest. With the right advice, Clients can both enjoy their retirement and transfer wealth to the next generation. It is important that Clients have the confidence to engage with an advice process that may last for 30 years and more. In partnership with Sanlam, we are confident that we can create an offering that will earn and justify the confidence of consumers. We want to build a first rate wealth management business not just for the here and now but for the long term future.”

ENDS

Sanlam UK is part of Sanlam Ltd, the international financial group which has been advising Clients around the world for nearly 100 years and is currently responsible for management worldwide of £60billion in Client assets. In the UK, Sanlam has a strong reputation for innovative product development and design, first class customer service and forward thinking investment management.

CAERUS Capital Group Limited (CAERUS) was established in 2010 to combine fund management with advice for the benefit of both advisers and consumers.  CAERUS comprises companies offering specific financial services to adviser Firms (intermediaries) and, via those Firms, to consumers.

Investing involves risk and the value of investments and the income from them may fall as well as rise and are not guaranteed. Investors may not get back the original amount invested.