Six financial advice firms have been purchased by Succession, contributing £800m in assets under management as well as over 2000 new clients and 16 new financial planners.
Ellaby Pollard, Mackenzie Investment Strategies, Winter Financial Services, Killermont Investments and Warwick Butchart Associates, based in Bristol, Inverness, Marlow, Glasgow and Cheltenham respectively, are the financial advisers that have been purchased. The acquisition of another Glasgow-based firm is ready to complete, subject to approval from the FCA.
These transactions bring Succession’s total assets under management to over £8bn.
Chief executive at Succession Wealth, James Stevenson, said: “We are delighted to welcome the proprietors and staff of these outstanding businesses on board. We share common values and a relentless drive to achieve excellence for our clients.
“We look forward to these acquisitions continuing to drive the growth and development of our national business.”
Mr Stevenson added: “The most sustainable companies prioritise their relationships with their clients and stakeholders, and our aim is to ensure everyone who is interested in benefiting from full financial planning and wealth management has ready access to the best possible advice.”
55 firms have been purchased by Succession during its five years in business.
Duncan Mackenzie, founder of Mackenzie Investment Strategies, commented: “Succession has invested heavily in Scotland and, for us, it was essential for our clients and staff to join an established, reputable company that would allow us to foster the same level of trust and provide the same quality of service upon which we had based our reputation.”
