News

15
Jan

Succession Group’s acquisition spree

Four more financial advisers have been purchased by Succession Group, bringing their acquisition count since the beginning of 2014 to 47 and adding £255 million in funds under management.
Independent Advisers (Scotland), Booth Wealth Management, Rossmore Financial Services and Fergus Muirhead have all been purchased by Succession Group – the former after only six months of discussion. The CEO of Independent Advisers (Scotland), Alistair Creevy, commented:
“Succession is investing in Glasgow as a centre for business growth. We were in talks for only six months prior to completion and have been extremely impressed with the entire acquisition process and the tremendous support we received throughout.
“We had spoken to several firms, but Succession was by far the most professional and ambitious. The future is extremely positive, especially in the pre-retirement sector where advice is critical to a successful retirement.”
The acquired firms are across the UK, with bases in Glasgow, London and Warwickshire, significantly expanding Succesion’s nationwide reach.
Succession’s chief executive, James Stevenson, said:
“Succession kick-starts 2018 by continuing to deliver on its proven and highly successful acquisition programme.
“After a year of outstanding performance, during which we acquired a total of 14 businesses across the country, we are thrilled to welcome these high calibre firms, owners, advisers and staff on board.
“We now have 12 regional hubs and every one of these latest acquisitions will be key to strengthening our core business nationwide.”