Succession Advisory Services now has more than £10.5bn in funds under management, with the addition of £400m from four new firms.
The latest acquisitions for the platform and consultancy business are: Harrogate-based Prosperitas Financial Solutions, Retford-based Independent Wealth Management Consultants, Warwick-based Rossmore Financial Services and Wimbledon-based Equity Invest.
This is the latest stage of Succession’s commitment to acquiring the best 50 firms from Succession Holdings’ 80-strong membership with £7bn of assets by the end of 2017.
Succession Holdings’ group chief executive Simon Chamberlain said: “We are pleased that four more successful, well-established and respected firms have chosen to join Succession Advisory Services as member firms, working with us to build value into their businesses.
“Our unique business model continues to appeal to a diverse range of IFA businesses looking to build on their existing solid foundations and capitalise on their hard work. Our proposition resonates with sector specialists and talented individuals.”
Lee Pringle, co-founder of Prosperitas Financial Solutions, said: “We looked closely at what other consolidators were offering, and felt Succession Group was unique in its commitment to increase the value of our business both before and after acquisition.”