Wealth manager Sanlam UK has acquired Grennan Advisers, a financial planning business based in East Yorkshire.
Grennan Advisers was launched in 2013 by Stuart Grennan and Helen Chapman. It specialises in providing holistic financial planning services for high net worth individuals and business executives. The deal will see Sanlam UK acquire Grennan Adviser’s book of clients and £60m of assets under management.
Grennan and Helen Chapman will both work with Sanlam UK to support the handover and integration of client relationships.
CEO of Sanlam’s wealth division John White 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 and 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 UK is part of the international financial service group Sanlam Ltd.