Financial services firm Succession Advisory Services has welcomed Accountants Financial Services (AFS) as a member, adding £190m to its funds under management (FUM).
The Chartered financial planning firm will be fully integrated into Succession's systems and platform, preparing it for a potential buyout by the group further down the line.
AFS has two offices in Edinburgh and Glasgow, housing six financial planners.
It offers advice on a range of products, including life cover, investments and savings, pensions and retirement and inheritance tax, with clients including individuals as well as small businesses.
Succession has plans to acquire 50 firms from its membership by the end of 2017, having reached the 30-firm milestone at the end of last year.
Last June, Succession secured an investment package of more than £25m from HSBC and its existing shareholders to accelerate its growth strategy.
Group proposition director Sanjay Shah (pictured) said: "Successful and profitable firms value our control and ownership of the services and solutions which are essential to achieving their clients' financial goals. Our investment in technology, training and support further enhances businesses that want to focus on their relationship with clients."
AFS managing director Paul Scarff added: "Becoming a member of Succession was a natural next step for a firm of our size and reputation. We have a clear vision to develop our proposition and the well-regarded team at Succession will provide the specialist expertise and support to help us achieve our long-term goals."
Just last month Succession Group founder Simon Chamberlain passed away aged 51.
The chairman isn’t answering his email
Reforms not enough
An economic cocktail
To encourage consumers to shop around
Will report to Pat Shea