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

The advice four-day working week: 'It's crucial to be forward-thinking'

The advice four-day working week: 'It's crucial to be forward-thinking'

Financial industry remains ‘largely outdated’

Isabel Baxter
clock 07 February 2025 • 2 min read
The BDM life: 'Being there for whatever reason, when they need you'

The BDM life: 'Being there for whatever reason, when they need you'

Life through a BDM lens

Brendan Llewellyn
clock 06 February 2025 • 5 min read
Brooks Macdonald completes Lift buy

Brooks Macdonald completes Lift buy

Lift founder Holden to lead financial planning business

Jen Frost
clock 03 February 2025 • 2 min read