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...

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