consolidation

Financial services firm consolidator Succession Advisory Services has signed two new advisers to its pool of members, adding £200m to its £10bn funds under management (FUM).

National wealth manager Attivo group has acquired three more IFAs as part of its mission to achieve £1bn of funds under management (FUM) by end of 2017.

IFA consolidator Moneygate Group has halved pre-tax losses in the first year following the Retail Distribution Review (RDR) its accounts have shown.

Pensions firm Barnett Waddingham has bought Harsant Services' 2,700-strong self-invested personal pension (SIPP) book for an undisclosed sum.

Wealth management group and consolidator Succession has acquired LRH Wealth Management for £3m and outlined plans to buy a further nine firms this year.

Advice firm consolidator AFH Financial group has raised £1m to fund its further expansion as the group issued new shares ahead of its first day of trading on the Alternative Investment Market (AIM).

IFA and discretionary wealth manager AFH Financial Group has acquired Norwich-based independent financial advice firm Omega Consulting in its second deal of the year.

National wealth manager and IFA acquirer Bellpenny has completed its biggest acquisition to date with the purchase of MDM Associates, adding a further £322m to its funds under management (FUM).

Bellpenny, the national wealth manager and IFA acquirer, has acquired Essex-based Personal & Corporate Financial Solutions (PCFS).

Building a legacy business is trumping a straightforward sell-off for some firm owners