SANLAM PRIVATE WEALTH

Overall

Sanlam Private Wealth recently completed the acquisition of Brackenham Investments, based in KwaZulu-Natal. That’s its latest move in a long-running expansion drive, including purchases of Sanlam Global Investments, Calibre Investments in Australia, Summit Trust in Switzerland and two firms in the UK that were merged into what is now Sanlam Private Wealth. The firm has also been on a drive to improve communication with ultra-high-networth clients, and in the past few years has been running retreats on preservation of wealth for future generations.

What we say

A large group with international muscle, Sanlam is extremely strong in specialised legal, financial and exchange-control issues, as well as local and international tax. Scores above nine points in four of the five archetypes reflect the all-round excellence offered by Sanlam Private Wealth. This year it slips off the top of the wealth manager rankings to take second place. The one area where it has lagged is in the People’s Choice survey and this year it slips out of the top five. We must point out, though, that while its clients generally score it lower than the other top-ranked firms, the freeform comments are always highly positive and full of praise for its services.

Eligibility

● Discretionary portfolio management: R1m. ● Global discretionary portfolio: R1.5m. ● Wealth management: R10m net investable assets.