Sanlam UK Limited is to purchase CAERUS Portfolio Management Ltd and acquire an equity investment of 19.9% in CAERUS Holdings Limited.
The deal, which is described by the companies as a partnership, is subject to FCA approval. It means that CAERUS Portfolio Management Ltd will outsource all investment management activities to Sanlam FOUR. Additionally, 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.
CEO of Sanlam UK Lukas van der Walt said: “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.”
CEO of CAERUS Capital Group Limited Keith Carby said: “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.”
Sanlam UK is part of Sanlam Ltd, the international financial group which currently manages £60bn in client assets. CAERUS Capital Group Limited was established in 2010 to combine fund management with advice for the benefit of both advisers and consumers. CAERUS companies offer specific financial services to adviser Firms (intermediaries) and, via those Firms, to consumers.