Consolidator Succession Group has acquired two advice firms from its membership pool for a combined £7m.
It bought Lymington-based Highcliffe Financial Management and Worcester-based Highgrove Financial Planning, adding combined funds under management of £200m. Succession plans to acquire 50 firms from its 80-strong membership by the end of 2017. It has so far bought 16 firms. Related reading: Succession snaps up adviser for £2.9m The firm is vertically integrated, controlling its own advice, platform and fund management activities. Run by chief executive Simon Chamberlain (pictured), the group currently has about 350 advisers and a total of 15,000 clients with £10bn of funds u...
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