SLA could clash with ‘utterly independent’ Grant Thornton advice arm
‘Advisers might balk at the idea of being subsumed into 1825’
‘Advisers might balk at the idea of being subsumed into 1825’
Room for Swiss manager to be also viewed as a ‘potential recovery stock’
The acquisition has dominated flows at the investment group
‘Move is clearly designed to help push Sanlam towards the big, established players’
Specialising in niche areas could limit Swiss manager’s appeal
FTSE 250 firm reportedly pipped out Rathbones to enter exclusive talks with Investec
Lumin managing director said deal could provide a blueprint for further acquisitions
Premium price tag is several times higher than bid rejected in 2016
Deal provides a springboard for the business to enter new markets
Deal will see transfer of £1bn in assets
Firm also names managing director of Private Client Advisers
Progeny Group adds advisers in Buckinghamshire, Sussex and Edinburgh to its rapidly-expanding stable