View more on these topics

Succession adds £450m in assets with latest member

Succession has recruited Birmingham-based advice firm Clay Rogers & Partners as its latest member, adding £450m in assets under management and 625 clients.

Since its launch in 2009, Succession has consolidated almost £7bn in assets into the group. The Succession model integrates member firms before acquiring them once they meet certain criteria.

The firm completed the first five of its planned acquisitions earlier this year in a £12m deal.

Clay Rogers managing director Mark Rogers says: “Becoming a member of Succession is a complementary position for our business following a period of sustained growth.

“With 30 highly qualified staff and quality planning at our core, we are excited about the opportunities to work with Succession, benefiting from best practice principles and sharing insight with Succession’s 60 member firms to build productive and profitable relationships, with clients at the heart of the proposition.”

Succession chief executive Simon Chamberlain says the firm is on track to sell or float in the next four years.

He says: “We are unique in that we are seeking companies that want to continue to grow value rather than exit the industry as we all work together in true partnership to capitalise the group at the end of 2017.”

Evolve Financial Planning director Jason Witcombe says: “£450m in assets under advice is a pretty substantial number so Succession’s interest makes sense but the proof is in the pudding in terms of how those clients are integrated.”


News and expert analysis straight to your inbox

Sign up


    Leave a comment