Midlands financial planning firm Clay Rogers and Partners has joined Succession Advisory Services, bringing £450m in assets under management to the acquisitive adviser firm.
Birmingham-based Clay Rogers has almost doubled its FUM in the last five years, growing through acquisition and referrals.
Succession chief executive Simon Chamberlain in September told FTAdviser that six firms were set to join the firm by the end of the year, bringing a total of £500m in new AUM which would bring total AUM to over £8bn. At the time, the six firms listed did not include Clay Rogers.
It also recently announced plans to launch an Aegon-backed corporate wrap in early 2014.
Simon Chamberlain, chief executive of Succession, said: “We are unique in that we are seeking companies that want to continue to grow value rather than exit the industry, as we all work together in true partnership to capitalise the Group at the end of 2017.”
FTAdviser previously revealed Mr Chamberlain’s plans to sell or list in the first quarter of 2018.
