Succession, the wealth management group, fund consolidator and platform operator, returned profits of £1.4m last year, and increased funds under management 76% to £1bn.
The group said January 2013 has been the strongest month for platform growth, with a 150% increase on January 2012. A further 15 firms joined Succession over the last year, bringing the number of member firms to 53 with a total turnover of £55m. Five businesses were acquired in 2012 to create a national independent wealth management group, Succession Group Limited, which the group forecasts a will hit £10m turnover and 30% profit in 2013. Several further acquisitions will be completed in 2013, the group said. Succession is also launching a corporate benefits platform offering a ...
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