Wed, 17 Apr 2019 | BUSINESS SALE
An independent financial advisory from Newcastle has been snapped up by the UK branch of a global financial services firm.
Offering tax planning, portfolio management, employee benefits and pension consulting services, Blackett Walker operates across the north of England to more than 1,000 corporate and private clients.
It has been taken over by Sanlam UK, a subsidiary of South African financial services group Sanlam, which is headquartered in Cape Town.
The acquisition will allow Sanlam UK to expand its portfolio, and extend its brand and services across the north of England.
Blackett Walker also caters to medical professionals through BW Medical accountants – its sister company.
Richard Blackett, the director who founded the company alongside Kevin Walker in 1994, said: "We have always prided ourselves on putting clients first and delivering a high standard of service, so it was important to us to work with a firm with the same approach.
"Sanlam has client service in its DNA and has put significant time and energy into delivering its proposition and digital services to create an impressive client experience. We look forward to working with our new colleagues at Sanlam to grow the business in the North of England and continuing to provide a goal-driven service for our clients."
All five financial advisors and support staff members from Blackett White will be kept on as part of the acquisition.
Chief executive of Sanlam UK’s wealth division, John White, commented: "Blackett Walker is a high-quality business with a strong ethos. Over the past two decades, Richard and Kevin have built a hugely successful business with the client at its heart.
"In line with our commitment to expand our regional footprint, this deal will further strengthen our wealth management presence in the North of England. I look forward to working with our new colleagues to develop our proposition for current and future clients."
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