Launched in 2013 by Stuart Grennan and Helen Chapman, East-Yorkshire-based Grennan Advisers specialises in providing holistic financial planning services for high net worth individuals and business executives.
The deal will see Sanlam’s UK wealth management business absorb the financial planner’s entire book of clients, totalling £60m ($84m, €67.8m) in AUM.
Over the past year, Sanlam UK has been busy expanding the business, launching a private office arm and nabbing well-known names like Neptune Investment Management’s Charlie Parker.
John White, chief executive of Sanlam’s wealth division, said: “Grennan Advisers 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 will work with Sanlam UK to support the handover and integration of client relationships.
They said: “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.”