Succession Wealth, one of the UK’s largest wealth management and financial planning groups, today announces the acquisition of DFP Health & Wealth Management, a Plymouth-based independent financial advice business which manages over £165m in assets.
Founded in 2002, DFP’s team of eleven, all of whom will be joining Succession, provides advice on retirement planning and investments to clients across the south and south-west of England.
This marks Succession Wealth’s 63rd acquisition since 2014 and the third under Aviva ownership, following the purchases of G+E Wealth Management in October 2022 and Spence & Spence in May 2023.
James Stevenson, Chief Executive Officer at Succession Wealth, said: “Glynne and the team have built a fantastic business that we are delighted to welcome on board. Succession Wealth was founded in Plymouth, and we remain as committed as ever to helping clients and high-quality IFA businesses fulfil their financial aspirations right across the UK. Our approach to M&A remains the same: only pursuing opportunities where we believe there is genuine strategic value for both parties, not building scale for its own sake. In the current environment, a number of high-quality advice firms are looking for a partner that can provide greater assurance to acquisition terms, has a proven track record and a solid balance sheet to acquire and integrate successfully. This is giving Succession Wealth a strong competitive advantage.”
Glynne Dunn, Founding Director at DFP, said: “The key for us is independence. When meeting potential partners to take the business forward, we wanted to ensure clients would have access to the best solutions on the market. Succession Wealth provides that, as well as the peace-of-mind that comes from their track record of making integrations work – and the financial security of Aviva in the background.”
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