Succession Advisory Services has acquired a major stake in one of Scotland's largest IFA businesses as it seeks to establish four ‘hub' companies across the UK.
The financial services consolidator has acquired a 39% stake in member firm Campbell Dallas Financial Services (CDFS), a fee-based IFA with more than £200m funds under management and offices in Aberdeen, Edinburgh and Glasgow. Succession CEO Simon Chamberlain (pictured) said the deal valued the company at close to £5m and includes a promise to invest in the business to support its acquisition of other Succession members as well as its own targets. Chamberlain hopes CDFS, which has undergone a transition from transactional IFA to service-led financial planning business since joining Su...
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