Succession completes 13th acquisition and counting

Succession completes 13th acquisition and counting

Succession Group has completed its 13th acquisition, buying Hampshire-based Cassidy Coutts Donald and Partners for a total of £1.5m.

Cassidy Coutts, which has £50m under management, was established in 1993 and joined Succession as a member firm in 2012.

Simon Chamberlain, group chief executive of Succession Group, said: “There are significant benefits for clients from a business of national scale, delivered personally at a local level.

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“We have invested heavily to ensure a smooth integration to our wealth management advisory brand, and are actively recruiting people with the drive, commitment and character to meet the increased demand for full financial planning and cashflow modelling services.”

He added that the firm would continue with its plan to buy the best 50 firms, with £7bn of assets, by the end of 2017, from its members.

Background box

Succession Group is the national advisory arm of Succession Holdings, a financial services firm with advice, fund management and platform divisions.

It has £10bn under management by 350 advisers.

In January, Succession completed the purchase of Reading-based Finch Financial Services for £3m.