Glacier by Sanlam set to be largest ‘fund supermarket’ in SA
Buyout of the Alexforbes individual client administration business will boost Glacier’s assets by R76bn, potentially usurping Allan Gray’s LISP
01 March 2023 - 10:03
UPDATED 01 March 2023 - 16:42
Sanlam has finalised the acquisition of Alexforbes’s individual client administration business in a move that puts it on track to usurp the Allan Gray investment platform’s status as the largest fund supermarket in SA.
The deal will see Glacier by Sanlam, a so-called Linked Investment Service Provider (LISP) that is a subsidiary of Sanlam, take full control of Alexforbes Individual Client Administration and its two wholly owned subsidiaries, Alexforbes Retail Client Administration and Alexforbes Nominees, from March 1...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.