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

Protecting adviser businesses from fresh money laundering risk

Protecting adviser businesses from fresh money laundering risk

Lawyer discusses Court of Appeal ruling

Ben Cooper
clock 04 October 2024 • 4 min read
Profession must challenge perception of advisers 'hangover'

Profession must challenge perception of advisers 'hangover'

‘Definitely social mobility in the profession’

Jenna Brown
clock 04 October 2024 • 1 min read
Why engaging directly is key to identifying customer vulnerabilities

Why engaging directly is key to identifying customer vulnerabilities

'Engaging directly on vulnerability is new and still feels quite alie'

Andrew Gething
clock 02 October 2024 • 4 min read