New joiners take Succession total assets to £6bn

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Consolidation vehicle Succession Advisory Services has taken on four member firms in 2012, bringing in combined assets under management (AUM) of some £430m.

Surrey-based Sigma Asset Management, which has 18 advisers and £200m AUM, and Xentum Wealth Management, a Lymm-based business with £100m AUM, joined earlier this month. Wessex Investment Management, which has offices in Beaminster, Ferndown and Newbury, has brought in £80m AUM, while Nottingham-based Firth & Scott Financial Services manages assets worth £50m. The joiners take the number of firms under the Succession umbrellla to 40. Between them, the member firms look after some £6bn client assets. Simon Chamberlain, chief executive of Succession, said: "Business owners can now rec...

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