Adviser consolidator Succession Group has bought Affinity Independent Management and Affinity Independent Schools Consultancy in a cash-and-shares deal worth more than £5m.
Buckinghamshire-based Affinity, which was established in 2000 and provides specialist wealth management services to private individuals, business people and independent schools, has £150m in funds under management. Affinity managing director Doug Muirhead said his firm occupied "a distinctive niche" in the advice market, specialising in delivering financial advice and wealth planning services to leading independent schools in the UK, including Eton, Harrow and St Mary's Ascot. He added: "Education professionals have distinct financial needs and independent advice has been crucial i...
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