Sanlam UK has announced the acquisition of a 55% stake in Cheshire-based independent financial planning business Avidus Scott Lang (ASL), doubling Sanlam’s footprint in the North of England.
ASL was started in 1983 by Dean Scott and Jimmy Lang and now comprises 12 financial advisers and support staff, with clients across the North.
Sanlam now has six offices in the region, following other strategic acquisitions earlier in the year.
In January, Sanlam UK acquired Preston-based Astute Wealth Management and has also purchased independent financial planning firm Blackett Walker this year.
In addition, Thesis Asset Management was bought by Sanlam UK in April, boosting its UK private client discretionary assets under management.
John White, CEO of Sanlam UK's wealth division, said: "This deal marks a confident expansion of our reach and further underlines our commitment to grow and strengthen our proposition in the North of England.
"This is another key step in our strategy to become a leading vertically integrated wealth manager with financial planning at its core. Our new colleagues at ASL will now become part of the Sanlam family and - as with the acquisitions of Astute and Blackett Walker earlier this year - support our growth targets and mission of delivering a superior service to clients."
Ian Scott, managing director of Avidus Scott Lang, added: "Sanlam offers significant resources, insight and expertise, and will help us continue to deliver investment excellence to our clients."