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Succession signs up Squirrel Financial Management as partner

IFA consolidation vehicle Succession Advisory Services has signed up Midlands-based Squirrel Financial Management as its first partner firm.

Succession was launched last month by former Thinc chief executive Simon Chamberlain for firms seeking to future proof their business from the regulatory and competitive challenges while securing partners for those seeking to exit the market.

The vehicle is also designed to enable IFAs to outsource their investment process.

Over the next 24 months, Squirrel will work through Succession’s transition formula and apply the same principles to its own IFA acquisitions.

Succession plans to invest six figure sums annually to aid the growth plans of a small number of IFA partners.

It has already signed up three IFA firms to commit £250m to its investment matrix within two months of launch and has received almost 300 expressions of interest.

Squirrel Financial Management director Ian Bascombe says: “Having given a great deal of thought to how we will respond to regulatory and competitive pressures, we are delighted to have joined forces with a strong team of industry experts with exceptional experience of creating and realising shareholder value across the financial services industry.”


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