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Englis Mutual
Bristol-based investment group, Sanlam UK, has acquired financial planning business English Mutual.
The acquisition is part of Sanlam UK’s aim to bring leading UK financial brands under one name.
English Mutual, with headquarters in Worcester, has a team of 43 advisers based predominantly in the South and Midlands.
Alex Morley, CEO of English Mutual, will join the Board of Sanlam Private Wealth and become a member of the Sanlam UK executive committee.
He said: “This is the perfect move for English Mutual. Our mission remains; to create and deliver the finest financial services experience available to financial advisers and their clients in the United Kingdom.
“Becoming part of Sanlam will allow us to achieve just that. The adoption of the hybrid model under the English Mutual brand will generate huge efficiencies for both clients and advisers, making us, I believe, a natural home for those looking for a secure, motivating and transparent opportunity post RDR.
“This gives English Mutual enormous financial strength and delivers a client proposition with real depth, backed by award-winning investment management. In an industry which so rarely seems to make sense of itself, awash with so many ‘smoke and mirror’ business models, this can only be a welcome thing.”
“Our adviser proposition has always been strong but, with the inclusion of our new practice buyout, I believe our offering is now second to none. All English Mutual advisers and staff have elected to remain within the company and we are now actively recruiting within our footprint; Bristol, Oxford, London, Birmingham, the West Midlands, Cheltenham and the South West.
We look forward to 2013 and beyond with huge optimism.”
Lukas van der Walt, CEO of Sanlam UK further added: “I am delighted to welcome English Mutual, all their staff and all their advisers into Sanlam UK.
“This acquisition strengthens our ever growing footprint in the UK and is in line with our strategic plans to grow an advice led wealth management business.”
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