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

  • 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

Can your business succeed by failing intelligently?

Can your business succeed by failing intelligently?

'The first step in failing intelligently is to take responsibility'

Darren Mead
clock 25 November 2022 • 4 min read
What it takes to become a good leader in financial planning

What it takes to become a good leader in financial planning

Empowering people key to effective leadership, experts say

Julia Bahr
clock 24 November 2022 • 7 min read
Succession planning: Why slow and steady gets you the best results     

Succession planning: Why slow and steady gets you the best results     

Buying early named key measure of successful succession planning

Julia Bahr
clock 18 November 2022 • 5 min read