View more on these topics

Sanlam adds to advisers with Buckles buy

South African financial ser- vices group Sanlam has bought a 60 per cent stake in adviser firm Buckles.

Sanlam group chief executive Dr Johan van Zyl says the acquisition of Buckles reflects further progress in the company’s strategy of growth and diversification through selective acquis- itions and geographic expansion. Sanlam owns Merchant Investors and has a 42.5 per cent equity stake in Nucleus and a 30 per cent stake in Intrinsic.

Van Zyl says: “We believe that the aggregation of IFAs in the UK market provides a significant opportunity to build on our initiatives aimed at establishing a substantial and leading advisory and wealth management business in the UK.

“Buckles meets all the criteria as a top-quality intermediary business we were seeking for this purpose.”

Buckles chief executive Nigel Speirs says: “We are delighted to have received the backing of Sanlam, which will help us achieve our targets for the future.

“The investment will enable us to continue our programme of acquiring the businesses of IFAs who want to retire, with the assurance that their clients will continue to be well looked after. Over the last five years, we have acquired a dozen client banks in Wales and the North-west and we have identified many more.

“We plan to continue to expand, building on our strong administration and support team that has enab-led us to provide our advisers with the best possible paraplanning, IT back-up and HR services.”


Govt to issue billions in bonds to BoE

The Government looks likely to issue tens of billions of pounds worth of bonds to finance the Bank of England’s plan to ease funding strains on bank, according to press reports.

Managers turn to EEA life settlements

EEA Fund Management says multi-managers such as Lawrence House are turning to alternative assets classes such as the EEA life settlements fund to diversify their portfolios as market volatility continues.


News and expert analysis straight to your inbox

Sign up


    Leave a comment


    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm