View more on these topics

Succession acquires two advice firms in £4m deal


Succession Group has acquired member firms Paul Jones Financial Services and Equity Invest for a total consideration of £4m.

The consolidator has now acquired four businesses this year. It bought member firms Lewis Chambers and Plan4Wealth in March in a deal that valued the businesses at more than £10m.

Paul Jones is based in Southampton and the Isle of Wight and Equity Invest is a Wimbledon-based firm. Both firms have worked with Succession since 2015.

Succession group corporate director Paul Morrish says the business is planning further “substantial growth” in 2017.

Morrish says: “At the same time, Succession Group has accelerated plans to acquire and integrate businesses from our affiliated membership, delivering long-term security for clients, succession planning for business owners and career development opportunities for planners and client servicing teams.”

Equity Invest founder Richard Hunter adds: “Our focus on ethical investing adds a new dimension for clients, and we are excited about contributing our ethical investment experiences within a large and successful national business.”



Succession adds £190m to funds with Scottish member

Scottish financial planning firm Accountants Financial Services, which has £190m funds under management, has joined Succession as a member firm. AFS is based in both Edinburgh and Glasgow. According to its website, six financial planners work for the firm. Managing director Paul Scarff says: “Becoming a member of Succession was a natural next step for […]


Succession boss Simon Chamberlain passes away

Succession chief executive and founder Simon Chamberlain has sadly passed away. In a statement, the company says he died suddenly earlier today. No further announcements are being made at this time. Succession says: “Our thoughts and concerns are with his wife Helen and children Charlotte, Henry and Olivia at this difficult time.” The company will […]

Sticking to valuation discipline when investing in China

Journalist Alexis Xydias discusses the opportunities – and potential pitfalls – of investing in China with Artemis fund manager Peter Saacke. With Peter holding significant positions in China in the Artemis funds he manages, journalist Alexis Xydias quizzes Peter on the risks of investing in Chinese stocks – including over-valuations, margin trading and financial reporting issues. Click here for video


News and expert analysis straight to your inbox

Sign up


    Leave a comment