Consolidator Succession selects IFDL for wrap solution

Succession says IFDL will provide it with its fund management, stock broking and cash management solution, as well as a transparent charging structure and a choice of adviser charging models. The announcement follows an FSA warning consolidators and firms must ensure the selected wrap platform solution is "suitable for each individual customer". Launched in May, Succession has over £1bn of funds already committed to the platform with an overarching objective to achieve £7bn funds under management over five years. It says it helps IFA businesses build value through "re-engineering t...