Financial planning and wealth management firm Succession has appointed Peter Coleman as it chief commercial officer to "accelerate" the company's growth.
In his role, Coleman will be responsible for Succession Group and Succession Advisory Services covering all financial planning, platform and investment services.
He will report directly to Succession’s chief executive, James Stevenson.
Coleman joins from financial technology firm Wealth Wizards, where he helped the business develop its technology to support automated advice solutions for advisers across both retail and workplace financial planning.
He was previously the financial planning and strategy director for Prudential Financial Planning and prior to that he was chief executive of Positive Solutions.
Coleman said: “Succession has an exemplary financial planner community who provide personalised, holistic, financial advice across the UK.
“My primary focus will be to continue to drive commercial success for the group through supporting our highly experienced, qualified financial planners who have pioneered a national business over the past 10 years.”
Stevenson added: “I am delighted Peter is joining Succession’s senior team, bringing the drive and experience to accelerate our growth.
“With hope of emerging from the challenges of the global pandemic in the next few months, Peter will be invaluable in supporting our financial planners to continue providing excellent client service.”
In a set of results published earlier this year (January 14) Succession Wealth reported it had halved its operating losses last year and hailed 2020 as a "step up in financial performance".
The company reported its operating loss fell to £3.6m last year, a drop of 47 per cent from the £6.9m loss reported in 2019.
The company invested in a director of mergers and acquisitions towards the end of 2019 as it set its sight on acquiring larger firms in the market.
At the time Succession said the hire reflected the "significant factor" deals played in its expansion plans to manage in excess of £10bn assets under advice.
amy.austin@ft.com
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