Succession in record deal with latest acquisition


Succession has acquired Birmingham-based Clay Rogers & Partners in a deal potentially worth over £10m.

The purchase was made through a mix of cash and shares.

Clay Rogers has £450m of funds under management, and has been working with Succession since 2013.

Co-founder Mark Rogers says: “We are very excited about our rapid integration as part of the Succession team.

We have jointly committed a significant investment to establish our Water Street office as a client servicing hub, consolidating Succession’s Midlands activity into a single centre of excellence to deliver world-class wealth planning solutions locally.”

Succession Group chief executive Simon Chamberlain says: “Remaining independent, and not forcing clients to go restricted, creates the right environment for top planners across the country to join this exciting journey without fear of being pressured into unsuitable propositions.”

Rogers says the business is now recruiting wealth planners and support staff.

Also this year Succession has acquired firms including Lewis Chambers, Caledonia Financial Planning, Maze Wealth, and Michael Moore Life & Pensions.