Succession has acquired four more firms from its affiliated membership, bringing the total number of acquisitions into its national wealth management advisory arm, Succession Group, to 30.


Demontfort Financial Advisers, Langham Pensions & Investments, MacDonald & Co Wealth Management and Independent Insurance Advisers (Cheltenham) trading as Quintell, with combined funds under management approaching £350million, have been acquired subject to regulatory approval for a total consideration of £10.5million.


Simon Chamberlain, Group Chief Executive, says: “Succession Group has completed the acquisition of 30 high-calibre independent advice businesses, investing almost £100million to build the UK’s largest privately-owned wealth planning business”.


Mr Chamberlain continued: “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. Being acquired by Succession delivers significant benefits, especially for 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”.

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”.


Robert MacDonald of MacDonald & Co Wealth Management based in Gourock, in the west of Scotland, commented: “We chose to work with Succession Advisory Services in 2014 to build on our strong financial planning foundations and create a credible “succession plan” to give certainty to our clients and employees. From the outset, we had shared values, vision and a passion for “real” financial planning – our companies were virtually identical.  I now get to concentrate on the best part of my job of working with our clients and moving the business forward”.


Mark Dancer, MD of Cheltenham-based Independent Insurance Advisers, trading as Quintell, commented: “We joined Succession in 2010 to gain access to a trading platform, benefit from economies of scale, be compliant and in the process de-risk our business to ensure a smooth handover was possible when the time eventually comes for us to retire. We made a good choice – our clients like it. To partner a firm with Succession’s appetite for continued development, innovation and rapid growth is exciting”.


Established in 2006, Suffolk-based Langham Pensions and Investments specialises in pensions, investments and long-term financial planning for private individuals and business owners.  Founder and MD Andy Manning said:


“Through Succession we have been able to move our business onto the next level by adopting a simpler, easier way to conduct investment business, through the use of investment management solutions. Our clients continue to benefit from this, and it is important to our clients and us that we remained independent. Succession’s blueprint for transition helped us improve our client service proposition and formalize our systems, allowing us to concentrate on working with our clients more, maximising the outcomes for them and ourselves. We are delighted to have been acquired and look forward to working more closely with a strong team of industry experts and like-minded planners!”.


Succession plans to acquire 50 of the best firms from its membership by 2018.




For more information, please contact Jane Day on 07795 262865