View more on these topics

Succession acquires education advice specialist in £5m deal

Chamberlain-Simon-Succession-2013-700.pngSuccession has bought member firm Affinity Independent Management and Affinity Independent Schools Consultancy in a deal valued at more than £5m.

The acquisition is the latest to be announced by Succession, which has also acquired firms including Caledonia Financial Planning, Maze Wealth, and Michael Moore Life & Pensions this year.

The consolidator has set a target to buy 50 of its member firms.

Succession acquired the firm through a mixture of cash and shares. Buckinghamshire-based Affinity, which has been a Succession member since 2013, has £150m in funds under management.

Affinity specialises in advice for those working in the education sector and Succession has plans to build on that niche.

Succession Group chief executive Simon Chamberlain says: “We will build out this specialist education advice arm though our strong regional presence, actively recruiting experienced wealth planners with the drive and commitment to provide a wealth planning service for professionals.”

Affinity managing director Doug Muirhead adds: “We focus on building long-term and valued relationships with our clients, and understand first-hand the responsibilities and influences that shape an educator’s financial decisions. Our clients will benefit considerably from the additional scale and professionalism that Succession provides.”



Succession faces unfair dismissal claims

Succession is facing claims from two shareholders over unfair dismissal. The first case is being brought by Lynne Rowland, who previously headed up the integration of new firms into Succession. It is being heard at Watford Employment Tribunal on 10 October over a three-day period. Rowland is claiming for unfair dismissal after she was made […]


Succession in record deal with of acquisition Clay Rogers

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 […]


Latest Succession member adds £200m in assets

Maidenhead-based IFA Lewis Chambers has joined Succession Advisory Services, adding £200m in assets under advice. Under Succession’s acquisition model, firms initially become members with a view to being acquired once they have integrated Succession’s processes and fulfilled certain criteria. Lewis Chambers has 400 clients and a turnover of £2m. Managing director Mark Stokes says: “The […]

US equities: opportunities for short sellers expand

Optimism is as American as baseball and apple pie. And since the financial crisis, being optimistic about US equities has paid off: they have outperformed every other major developed market by a comfortable margin. Yet while there remain plenty of good reasons to be optimistic about US equities, Stephen Moore, manager of the Artemis US […]


News and expert analysis straight to your inbox

Sign up


    Leave a comment