Arden Court will become a regional hub for Succession, which launched in July this year. Arden Court has £100m of funds under management, however all of its advisers will not follow the transition process.
Succession’s transition director Tim Parsons says: “Arden Court is a flourishing IFA business that is typical of many in the industry: individually successful advisers, three complementary Appointed Representative arms, a successful wealth management arm, a great brand and loyal client bank. However, they recognise that to continue being successful they must adapt to the changing regulatory environment.”
Arden Group owner and principal Nat Parmar says: “This is the most exciting proposition I’ve seen in this industry. I have always striven to move my business forward, diversifying and expanding the proposition. The forthcoming new regulations means we need to move our business model to one that engages all advisers along the same path, moving from transactional to fee-based over the next few months.”