Sanlam Private Wealth has acquired the client bank of IFA firm Camilleri & Associates.
The acquisition brings £52m of funds under influence to Sanlam Private Wealth, which now has over £550m of funds under influence. No principals or staff from Camilleri & Associates, which specialises in advising private clients, will be joining Sanlam.
The managing director of the Middlesex-based IFA firm Henry Camilleri is retiring from the industry.
Sanlam Private Wealth chief executive Nigel Speirs says: “Our programme of acquisitions is building up as we approach RDR. We wish Camelleri and his colleagues all the best and look forward to offering their clients the highest levels of service advice.”