Succession ramps up adviser intake

Nine firms acquired so far in 2017

Victoria McKeever
clock • 1 min read

Succession now has 143 qualified financial advisers, up from 112 at the end of 2016 and up from the 85 advisers it reported to have at the end of 2015.

The consolidator published its highlights from the first half of 2017 alongside its results from 2016. It has taken over nine firms in 2017 so far, four of which were acquired last week. Harrogate-based Prosperitas Independent Financial Advisers, Sigma Asset Management in Surrey, Dorset-based Norris and Fisher Independent Financial Services and Tim Burton, an appointed representative of Norris and Fisher, were the latest to join its ranks, bringing the firm's total acquisitions up to 40. Succession's fund under management (FUM) have risen to £5.6bn, representing a compound annual grow...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Your profession

Feel Good Friday: Brooks Macdonald gives sports wellbeing advice

Feel Good Friday: Brooks Macdonald gives sports wellbeing advice

Wealth manager has partnered with charity Sporting Wellness

Professional Adviser
clock 03 May 2024 • 1 min read
Adviser guide aims to 'demystify' Consumer Duty annual reporting

Adviser guide aims to 'demystify' Consumer Duty annual reporting

Firms to produce first annual Consumer Duty board report

Sahar Nazir
clock 02 May 2024 • 1 min read
Behavioural coaching a 'tough sell' among prospective clients

Behavioural coaching a 'tough sell' among prospective clients

‘Clients overlook major sources of value from advisers’

Isabel Baxter
clock 02 May 2024 • 1 min read