Buckinghamshire-based Clearwater Wealth Management and West Yorkshire-based Coleman Clough are the latest firms to join Succession, home to around 60 others.
A statement from Succession said that by joining as member firms, the individual directors could plan their future “as well as securing the future of their business for staff and clients”.
Simon Chamberlain, Succession’s chief executive, said: “With processes and systems embedded in the Institute of Financial Planning’s best practice, Succession offers a great cultural and operational fit for firms working to chartered standards.
“This synergy allows chartered firms and individuals to transition swiftly, building capital value into businesses while continuing to deliver a whole-of-market and uncompromising client-centric service.”
The latest acquisitions follow the addition of Midlands-based financial planning firm Clay Rogers and Partners in December last year, which brought £450m in AUM to Succession.
Graham Ponting, managing partner of Clearwater Wealth Management, said: “Succession has invested heavily in technology, and its client and back-office proposition is superb.
“The consultancy support and top-flight mentoring available will allow us to enhance the quality of service to our clients.”
Roy Clough, principal of Coleman Clough, added: “We have built our business and reputation on the highest level of personal service and Succession’s processes underpin the principle of providing high-quality, face-to-face professional advice to clients.”
Earlier this year Mr Chamberlain sold 50.1 per cent of the group to US private equity group Inflexion for an undisclosed sum.
Adviser view
Minesh Patel, director of the London-based EA Financial Solutions, said: “It’s horses for courses – there is a movement where firms want to retain their independence but want support; this may suit many businesses. Joining Succession can allow a firm to retain an independent and corporate posture, allowing you to share the burden – on things such as IT, compliance, back-office systems – so the individual businesses can focus on business development and growth.”
