Sanlam UK buys Thesis AM in 'milestone' for wealth management business

Thesis to move under Sanlam brand

Sanlam UK is to acquire Thesis Asset Management bringing its UK private client discretionary assets under management to £4.2bn, Investment Week can reveal.

The deal, which is for an undisclosed fee, means Thesis' private client business, distribution network, direct support teams and Pallant, its financial planning business, will operate under the Sanlam UK brand, subject to regulatory approval. Thesis' business development team and four private client businesses will move to become part of the Sanlam wealth management business, while Thesis' offices in Guildford, Lymington, Chichester and Brighton will also become part of Sanlam's regional wealth management network. Sanlam FOUR renamed Sanlam Investments to align with parent brand Th...