Three firms have joined wealth manager and consolidator Succession Advisory Services, bringing with them funds under management totalling £175m.
Cheltenham-based Quintell, which has four advisers, Halifax-based accountancy business LRH and private client investment specialist Highgrove Financial Planning have joined the company launched in 2009 by former Thind CEO Simon Chamberlain.
The Succession model invites advisory businesses to adopt its "RDR-ready" processes, including its Investment Matrix which is designed to maximise firms' renewal income.
Member principals are also offered an exit strategy as part of the tie-up.
Succession CEO Simon Chamberlain says: "We are delighted to welcome [these firms] to our national partnership of highly specialised and entrepreneurial financial services businesses.
"Succession is still the only business of its kind that is truly aligned with the business objectives of its members.
"Our continued recruitment is highly targeted. In a post-RDR world, success will be determined by the ability of advisers to implement a profitable charging model for a value-added client proposition."
£1bn business since inception
Considered doing so in 2015
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