Sanlam UK has acquired East Yorkshire based Grennan Advisers to add £60 million of assets to its growing advice arm.
Grennan Advisers was launched in 2013 by Stuart Grennan and Helen Chapman, both of who will work alongside Sanlam UK while the acquisition is completed.
It is Sanlam's latest acquisition in the advice market. Last August the company bought network Tavistock Financial, boosting its size significantly.
John White (pictured), chief executive of Sanlam's wealth division said: 'Grennan Advisers Ltd is a high quality business with an ethos of providing excellent service and delivering clients’ long-term financial ambitions.'
Grennan and Chapman 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.'