The pursuit of (post-acquisition) independence

Acquirers 'want investment revenue'

clock • 8 min read

An advice firm may be independent, but retaining this status through an acquisition process requires overcoming several challenges

Last month, news broke that Aviva was acquiring Succession Wealth for £385m. Acquisitions within the UK advice and asset management industry are commonplace but what caught the attention of several commentators was the following lines in the press announcement: "Succession Wealth will continue to operate as a separately regulated, independent, financial advice firm and will continue to use the Succession Wealth brand. "We lose £6bn of assets every year, often because those customers are seeking advice elsewhere...

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 Business

Söderberg invests in first Scottish advice business

Söderberg invests in first Scottish advice business

Takes minority stake in Murphy Wealth

Jen Frost
clock 16 April 2025 • 2 min read
All the advice firm acquisitions that have taken place in 2025

All the advice firm acquisitions that have taken place in 2025

Keeping track of the ongoing consolidation of the advice industry

Professional Adviser
clock 15 April 2025 • 2 min read
Corbel Partners buys seven advice businesses

Corbel Partners buys seven advice businesses

Another five in the pipeline this year

Jen Frost
clock 15 April 2025 • 2 min read