Saranac Partners announces completion of £17.5m funding round to support next phase of growth

Saranac Partners announces completion of £17.5m funding round to support next phase of growth

Saranac Partners, the independent wealth management firm, announces the completion of fundraising to support the ongoing growth of the business.

Saranac Partners was launched in early 2017 and has grown rapidly, advising on more than £500m in assets in its first year of operation. The business has concluded a £17.5m capital raise that will support the company’s growth ambitions. The capital will come into the business in stages over the next 18 months. The business will deploy new capital to attract further talent to join the expanding team, strengthening the firm’s offering of straightforward, independent advice.

The news was covered by both Citywire and the Wealthnet.

http://citywire.co.uk/wealth-manager/news/standard-life-aberdeen-backs-17-5m-saranac-fundraise/a1138405

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