Aviva buys Succession Wealth for £385m

Targets UK wealth market

Jenna Brown
clock • 3 min read

Aviva has acquired national IFA Succession Wealth for £385m as it targets growth in the UK financial advice market.

It said the deal would accelerate its ability to offer high-quality financial advice to 6 million of its workplace and individual pension and savings customers. The insurer's full-year results revealed: "Succession Wealth will be acquired for a consideration of £385m and its 2022 EBITDA is expected to be £24m." Aviva said it expected "double-digit" returns on its investment over the medium term through accelerated growth. It added the deal would "significantly" enhance Aviva's presence in the fast-growing UK wealth market as more people seek advice for their retirement options. It ...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Companies

Investment platform TILLIT to shut down

Investment platform TILLIT to shut down

No new accounts can be opened and it will close on 12 September

Sorin Dojan
clock 26 June 2025 • 1 min read
First Wealth on hunt to acquire like-minded financial planning firms

First Wealth on hunt to acquire like-minded financial planning firms

Follows significant financial backing from Marlborough

Jenna Brown
clock 24 June 2025 • 5 min read
Openwork in growth push with partner firm Milecross acquisition

Openwork in growth push with partner firm Milecross acquisition

Makes first investment into one of its partner firms

Jenna Brown
clock 19 June 2025 • 2 min read