National IFA firm Succession Wealth has reportedly been put on the market for £400m by its private equity owners.
The firm has hired bankers from Evercore to undertake a review of the business, according to Sky News. The majority shareholder in Succession Wealth, private equity firm Inflexion, took a controlling stake in 2014 and is expected to launch a formal auction of Succession in the early months of 2022. Succession was founded in 2009 and has offices in England and Scotland. According to the firm's website it has around £8.2bn in assets under administration and employs more than 170 "wealth planners". Headquartered in Birmingham, the company is run by James Stevenson who became CEO in 20...
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