Succession warns IFAs 'criminally undervalued'

Speaking at the Ascentric conference in London this week, chief executive Simon Chamberlain said the key criteria when considering an acquisition should be the quality of advisers and the ability to create capital through renewable business. "Plenty of businesses today are doing it the old way and will suffer from the old illness," he says. "The first rule for creation of capital should be looking for businesses that can be repeated." The Succession chief said a review of consolidation models in the UK, Australia and US he conducted between 2007 and 2008 found of 20 purchases not one ...