View more on these topics

Succession adds £500m in assets with six new members

Simon Chamberlain 480 alt

Succession Advisory Services has added £500m in assets with the addition of six new members.

Affinity Independent, Alchemy Advisory Services, Boler Wiseman Financial Services, Caledonia Financial Planning, Norris and Fisher Independent Financial Services and TMS Financial Solutions have joined Succession.

The addition of the members takes the total assets within the national advisory business to £8bn, with £1.5bn on its platform.

Succession says negotiations are ongoing with a further six companies, which are expected to join the company before the end of the year.

Succession chief executive Simon Chamberlain says: “Succession now has 60 member firms, and we are committed to buying the best.

“We have now concluded the acquisition of the first five, paying out a total value of over £12m.

“We will buy the next group of firms before the end of the year, and are committed to acquiring the rest of our members once they have met our requirements, which ensures client quality and profit through to the end of 2017.”

Recommended

Easter-Alan-Smiling-700x450.jpg

Beaufort Group chief exec Alan Easter quits

Beaufort Group co-founder and chief executive Alan Easter is leaving the business after 18 months in charge. Having set up Beaufort alongside Simon Goldthorpe in March last year, Money Marketing understands Easter is leaving to set up a new financial services venture. The firm’s board will continue to be managed by executive chairman Goldthorpe and […]

Ed-Balls-700x450.jpg

Ed Balls calls for immediate Help to Buy review

Shadow chancellor Ed Balls is calling for the Bank of England to review the second phase of Help to Buy now after the Treasury said it will be given review powers from next year. The Treasury announced earlier today that the financial policy committee will conduct annual reviews of the Help to Buy scheme every September and will […]

Tony-Bryne-MM-Peach-350.jpg
5

Tony Byrne: Jobs for the boys (and girls)

I was appalled to find out recently that the FOS plans to increase its staff levels by 1,000 new employees. This follows an increase of 800 employees in the previous financial year. This is primarily because of the PPI misselling scandal. The FOS’s chief executive Natalie Ceeney was recently quoted as saying that the case […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment

    Close

    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm

    Email: customerservices@moneymarketing.com