Financial planning firm snapped up
Wealth management firm Sanlam UK has acquired Grennan Advisers, a financial planning business based in East Yorkshire.
Grennan Advisers,based near Brough, 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 £60m of assets under management.
Grannan and Chapman will work with Sanlam UK to support the handover and integration of client relationships.
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.”
Grennan Chapman added: “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 as well as giving clients peace of mind and are delighted that Sanlam will continue with this approach.”
Sanlam Limited is an international financial services group with a listing on the Johannesburg Stock Exchange and a market capitalisation of £7bn. 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.
