Sanlam UK has acquired independent Financial Planning and employee benefits firm Blackett Walker Limited for an undisclosed amount.

Sanlam UK’s wealth management division has entered into a multi-year agreement with BNY Mellon’s Pershing, a provider of trading, clearing, settlement and custody services.

Wealth manager Sanlam UK has acquired Chartered Financial Planning business Astute Wealth Management for an undisclosed sum.

Nearly half (48%) of those planning to leave an inheritance to the younger generation are concerned about how they will use the money, according to a report by Sanlam UK.