Succession to acquire members now after cash injection

clock

Succession Advisory Services will consolidate about a quarter of its 30 member firms ahead of schedule after investment boutique Spearpoint acquired a majority stake in the business.

Chief executive Simon Chamberlain says a number of members have completed its business transition programme and are ready for acquisition. Spearpoint's undisclosed investment, which is subject to FSA approval, will dilute the stakes of other shareholders and help fund the £100m cost of consolidation, he adds. Having set a target of £7bn in FUM within five years, Succession has already reached £5bn in just over a year among its 30 members. Simon Chamberlain, CEO of Succession Advisory Services, says: "Succession rapidly established itself as a gatekeeper to the fund management marke...

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 profession

Why human connection remains central in a digitally enabled advice sector

Why human connection remains central in a digitally enabled advice sector

'It is clear that the sector is moving through a significant period of transformation'

Tim Riseborough
clock 17 December 2025 • 3 min read
Why advisers shouldn't rush into private markets

Why advisers shouldn't rush into private markets

'There's only so long the hamster wheel can keep turning'

Justin Cash
clock 15 December 2025 • 4 min read
Adviser workload set to rocket ahead of IHT on pensions changes

Adviser workload set to rocket ahead of IHT on pensions changes

Large volumes of clients will need reviews of financial plans

Isabel Baxter
clock 15 December 2025 • 3 min read