The pursuit of (post-acquisition) independence

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...