Succession has acquired another four of its affiliated member firms with a combined £350m in funds under management, to bring its total number of acquisitions up to 30.
The acquisitions of DeMontfort Financial Advisers in Rugby, Langham Pensions & Investments in Suffolk, MacDoanlds & Co Wealth Management in West Scotland andCheltenham-based Independent Insurance Advisers, trading as Quintell, cost a total of £10.5m and are all subject to regulatory approval.
The group has said it plans to acquire 50 firms from its membership by 2018.
Succession Group chief executive Simon Chamberlain (pictured) said: "The group has completed the acquisition of 30 high-calibre independent advice businesses, investing almost £100m to build the UK's largest privately-owned wealth planning business.
"As consumer demand for quality advice increases, so too do regulatory and commercial pressures, and advice firms face almost insurmountable challenges to provide affordable and accessible financial planning services to clients."
DeMontfort Financial Advisers senior partner Kevin Gerrard added: "With Succession's steer we have transformed our business thanks to an increasing specialisation in wealth planning for high net worth professionals and business owners and developing connections with other professionals, particularly accountants.
"We recognise we will achieve greater security for our clients and staff as part of Succession Group and look forward to being part of one of the fastest-growing brands in UK Financial services."
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