Consolidator Succession Group has acquired four financial advisory firms from its affiliated membership.
Succession has paid a combined consideration of £20.6m for the takeover of Harrogate-based Prosperitas Independent Financial Advisers, Surrey-based Sigma Asset Management, Dorset-based Norris and Fisher Independent Financial Services, and Tim Burton – Norris’ appointed representative.
The acquisitions add £520m in funds under management to Succession’s books.
Succession corporate director Paul Morrish said: “We are delighted that four high-calibre independent advice businesses have chosen to join Succession Group. We are a proven and trusted acquirer, with a track record of successfully transitioning IFA firms, optimising capital value and helping them become sale-ready.”
The latest deals take the total number of acquisitions made by the consolidator to 40.
“Our targeted approaches meet the ambitions of sellers, supporting the successful, profitable growth of Succession,” Morrish stated.
