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Sanlam Acquires 49% stakes in Firstglobal AM

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The stake includes seven wealth management/financial advisory businesses which are independently owned by senior professional advisors based in Johannesburg, Cape Town, Pretoria, Durban and Richards Bay. Formed in 2004, Cape Town-headquartered Firstglobal AM is a part of the Firstglobal Group. The firm currently manages six South African and two offshore funds estimated to be worth ...

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