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Succession signs up 14th firm in £2.9m deal

Succession signs up 14th firm in £2.9m deal

Succession Holdings has acquired advisory firm DNG Financial Solutions for a total consideration of £2.9m.

This marks the 14th member firm to become part of its national wealth management advisory arm, Succession Group. The deal is subject to Financial Conduct Authority approval.

DNG has offices in Daventry and Northampton, with managing director Peter Dubber explaining that they have been working towards this point since 2010.

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He said: “Over the last five years we have more than doubled our funds under management from active engaged clients.

“This acquisition is the next stage of our journey and reflects our shared ethos to deliver professional and specialist services to clients, helping them to identify, achieve and maintain their desired lifestyle, without the fear of running out of money.”

Simon Chamberlain, chief executive of Succession Group, said: “As part of Succession Group, the DNG team will continue to provide specialised financial planning and cashflow modelling services to meet increasing client demand for professional financial advice.”

peter.walker@ft.com