Succession has acquired four firms from its membership, bringing the total number of acquisitions to 30.
The deals have been done with Demontfort Financial Advisers, Langham Pensions & Investments, MacDonald & Co Wealth Management and Independent Insurance Advisers (Cheltenham) trading as Quintell.
They have a combined funds under management approaching £350m and have been acquired, subject to regulatory approval, for £10.5m.
Simon Chamberlain, Succession chief executive, said: “Succession Group has completed the acquisition of 30 high-calibre independent advice businesses, investing almost £100m to build the UK’s largest privately-owned wealth planning business.
“As consumer demand for quality advice increases, so too do regulatory and commercial pressures, and advice firms face almost insurmountable challenges to provide affordable and accessible financial planning services to clients.
“Our comprehensive proposition includes full control and ownership of all the services and solutions that are essential to achieving clients’ financial goals, providing the peace of mind that they can live the life they desire without the fear of running out of money.”
In June Succession announced it had secured an investment package of more than £25m from HSBC and its existing shareholders to allow it to continue its plan to buy the best 50 firms from its affiliated membership by the end of 2017.
A few months later it made its largest ever single acquisition, buying Birmingham-based Clay Rogers & Partners in a deal worth more than £10m.
Rugby-based Demontfort Financial Advisers was one of the first firms to join Succession as a member in 2009.
Kevin Gerrard, senior partner of DeMontfort, said: “With Succession’s steer we have transformed our business thanks to an increasing specialisation in wealth planning for high net worth professionals, business owners and developing connections with other professionals, particularly accountants.
“We have always believed in the vision of a service-led proposition which, Succession has helped us to achieve.
“We recognise that we will achieve greater security for our clients and staff as part of Succession Group and look forward to being part of one of the fastest-growing brands in UK financial services.”
Succession plans to acquire 50 of the best firms from its membership by 2018.
