Succession acquires Maze Wealth for £1.2m

Succession will add about £40m to its funds under management following the purchase, towards a total of £11bn of assets. In June the group announced it had received £25m in fresh funding from HSBC and its previous backers, which it was planning to use to accelerate expansion. It has set itself a goal of acquiring 50 of its member firms by 2017. So far, 26 have been taken over. Succession consolidates funds and prepares member firms for acquisition through its platform and consultancy business, Succession Advisory Services. The group has £11bn of funds under management, of which £2.5bn...