Succession gets FSA approval
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IFA consolidator Succession Advisory Services has been granted authorisation by the Financial Services Authority.
Succession launched in 2009 and currently has 30 member firms and £5bn of assets under management.
Succession Advisory Services managing director Simon Chamberlain says: “We believe we have created a unique model – unlike typical consolidators we do not acquire firms and leave them to carry on business as usual. Neither do we bash the firms together and force them to comply – that can only lead to adviser exodus and a stripping away of investor-value.
“By ensuring all our member firms have common processes and practices and operate on a common platform, we have created real sustainable value in a client-focused service strategy. Together with FSA authorisation, we are confident that we have created an extremely valuable proposition for investors.”
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