Sanlam UK acquires Avidus Scott Lang

Sanlam UK has expanded its northern hub with the purchase of a 55% stake in Avidus Scott Lang, an IFA based in Sale, Cheshire.

ASL employs a team of 12 advisers and support staff across three offices, increasing Sanlam’s presence in the north of England to six offices.

The chief executive of Sanlam UK’s Wealth division, John White, commented: “This deal marks a confident expansion of our reach and further underlines our commitment to grow and strengthen our proposition in the North of England. 

“This is another key step in our strategy to become a leading vertically integrated wealth manager with financial planning at its core.

“Our new colleagues at ASL will now become part of the Sanlam family and – as with the acquisitions of Astute and Blackett Walker earlier this year – support our growth targets and mission of delivering a superior service to clients.”

Managing director at Avidus Scott Lang, Ian Scott, said: “Like Sanlam, the ASL team passionately believes in providing a high-quality service, based on the long-term financial goals of their clients.

“As such, we believe this is a true cultural fit. Sanlam offers significant resources, insight and expertise, and will help us continue to deliver investment excellence to our clients.”