Succession Wealth snaps up two IFAs

Winchester-based JCF Financial Services, which looks after £151m of client assets, and Chippenham-based Bankhouse Financial Management Ltd, advising on £65m, have been acquired by Succession, subject to regulatory approval. Collectively, the two deals add £211m of assets under administration (AUA) to the firm, giving Succession a total of £8.4bn AUA. The acquisitions bring the total number of acquisitions by Succession to 58 since 2014, which has included £5.1bn of assets. Succession was reportedly put on the market for £400m by its private equity owners last month. Its majority sh...