Succession Group Acquires Five IFA Firms

August 23, 2012

On August 23, 2012, Succession Group Ltd, a UK wealth management business, announced that it had completed the acquisition of five independent financial advisor firms.


On August 23, 2012, Succession Group Ltd, a UK wealth management business, announced that it had completed the acquisition of five independent financial advisor firms.  Succession invested £12.5 million in acquiring these firms to create a national wealth management brand, with 100 employees and seven locations in the UK.  The five firms acquired are Westpoint Financial Consultants, based in Plymouth, UK; Smart Wealth Management, based in London and Amersham, UK; Campbell Dallas Financial Services, based in Glasgow; The Financial Management Group, based in Amersham, UK; and Westminster Financial Planning, based in London.  The firms joined consolidator Succession Advisory Services in the past three years and completed Succession’s transition program.  As a result of the acquisitions, Succession Group manages approximately £1 billion in assets. 

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Categories

Investment Manager M&A, Transactions