Reading-based Finch Financial Services and Suffolk-based Langham Pensions and Investments (LPI), with £225m and almost £40m of respective funds under management, have joined Succession.
Finch Financial Services is led by managing partners Paul Finch and Nigel Bull.
Mr Finch said: “Our RDR preparations were already on track and clients valued our comprehensive investment proposition. We chose to partner with Succession to deliver more efficient financial solutions that meet client outcomes and objectives. Our partnership with Succession allows our financial planners to concentrate on long-term planning for clients.”
Established in 2006, LPI specialises in long-term financial planning for business owners.
Andy Manning, founder and MD of LPI, said: “Working with Succession will accelerate our transition. Succession’s comprehensive investment proposition means we can focus on advice instead of stock-picking. We are delighted to have joined forces with such a strong team of industry experts with exceptional experience of creating and realising shareholder value across the financial services industry.”
Simon Chamberlain, chief executive of Succession, said: “In the final push towards the implementation of the RDR, advice firms recognise that their real skill lies in developing strong and trusted relationships with their clients.
“Those businesses working hard to justify their fee by bolting on a range of activities have missed the point that the service clients will pay for is advice.”
