Wealth management group and consolidator Succession has acquired LRH Wealth Management for £3m and outlined plans to buy a further nine firms this year.
LRH, which specialises in generational planning, has been a member of Succession since 2010 and was previously part of Lambert Roper and Horsfield, an accountancy firm in Halifax. Since joining, the firm has increased its funds under management by 20% to £100m. LRH managing director Keith Lyons said the firm's team has been "entirely engaged" throughout the acquisition process and is "excited about the opportunities" for career development within the group. The deal marks Succession's eighth acquisition to date, having invested around £33m so far in buying firms from its pool of me...
To continue reading this article...
Join Professional Adviser for free
Signup and gain exclusive members-only insights
- 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
