Succession Wealth acquires Oxford-based adviser

Succession Wealth has acquired Oxford Advisory Partnership, adding £175m in assets under management. 

OAP works with academics at the University of Oxford, advising them on retirement planning and tax planning, investment and pensions, particularly under the Universities Superannuation Scheme.

James Stevenson, chief executive officer at Succession Group, said: “We have thoroughly enjoyed working with OAP on this deal, and are delighted to welcome them to Succession.

“OAP struck us as a forward-thinking firm, filled with a high-quality team who shared our commitment to totally independent, client-centric service.”

Steve Penniston, director at Oxford Advisory Partnership, commented: “After 20 years of growing OAP, we felt partnering with a leading national firm would help take our business and client service to the next level.

“We looked for a firm that shared our values, and it was clear from our discussions that Succession is a people-oriented business that puts clients first and understands their evolving needs.”

The deal marks Succession’s 60th acquisition since 2014, following on from its double acquisition in December and its purchase of Pannells earlier this month.

Mr Stevenson commented on the group’s acquisition strategy: “While this marks our fourth acquisition since December, it does not signal a change in our corporate strategy. We remain open to opportunities when they can benefit both parties but are not seeking to build scale for its own sake.”

Succession Wealth are a buyer that Gunner & Co. have a strong relationship with. If you would like to understand their acquisition strategy, book a meeting with our Senior Broker Gwill Evans here.