Sanlam gets stake in Firstglobal Asset Management

Cape Town - Graviton Financial Partners, a wholly owned subsidiary of Sanlam Investment Holdings, has acquired an equity interest in Firstglobal Asset Management as part of a broader Sanlam Investments retail strategy.

According to Carl Roothman, CEO of Sanlam Investments Retail, this acquisition is part of the Sanlam Investments’ retail strategy to take select stakes in independent financial advisory firms and multi-manager companies of high reputation. This will further leverage the group’s ability to provide quality advice while driving investment performance for clients in the most appropriate structures.

The Firstglobal Group, founded in 2001, provides financial planning and investment services to high net worth private clients and small to medium enterprises. As a registered financial service provider, it manages six local and two offshore multi-manager funds.

Four years’ ago, Sanlam established a separate entity, Graviton Financial Partners, to independently manage and house such acquisitions.