An IFA consolidation vehicle its founders describe as the "first national RDR fee-based IFA company" was officially unveiled today.
Succession Advisory Services says it offers firms the chance to increase profitability by putting in place a sustainable business strategy, and provides a guaranteed exit partner for those principals seeking to leave the market. It proposes to take over the investment management of client money from partner firms, via its in-house Investment Matrix, enabling advisers to focus on financial planning and relationship management. It says it will engage with 85 UK IFAs over the next six months, with the aim of achieving £7bn funds under management. The business, which went live on 1 May...
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