Sanlam UK has acquired financial planning firm Grennan Advisers for an undisclosed amount, adding around £60 million in client assets.
Grennan Advisers is based in East Yorkshire and was launched in 2013 by principals Stuart Grennan and Helen Chapman.
Chief executive of Sanlam's wealth division John White 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 alongside Sanlam to help with the handover and integration of client accounts.
This follows the acquisition of Cheltenham-based Tavistock Financial by Sanlam.
The deal, which completed in October 2017, added 158 financial advisers to the Sanlam network and £1.5 billion in assets.
The company, led by CEO Jonathan Polin, has £2.7 billion in assets under management in its discretionary arm. Its life and pensions business has over £2.7 billion in assets under administration.