Consolidator Succession Wealth purchases six financial advisory businesses, adding £800m in assets to its books.

The newly-purchased firms are the Inverness-based Mackenzie Investment Strategies, Marlow-based Winter Financial Services, Cheltenham’s Warwick Butchart Associates, Glasgow’s Killermont Investments, and Bristol-based Ellaby Pollard.

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Additionally, Succession snapped up another Glasgow-based firm. The name of this firm was not revealed, with the deal pending regulatory nod.

The addition of the new assets boosts the consolidator’s total assets under management to over £8bn.

As part of the deals, 2,100 clients and 16 financial planners have moved to Succession.

Succession Wealth CEO James Stevenson said: “Since the launch of our advisory business just five years ago and the acquisitions we have completed, Succession Wealth is now in a very strong position to continue to deliver sustainable growth and become the UK’s foremost professional financial planning practice.

“The most sustainable companies prioritise their relationships with their clients and stakeholders, and our aim is to ensure everyone who is interested in benefiting from full financial planning and wealth management has ready access to the best possible advice.

A total of 55 firms have become part of Succession since 2014.

“We take pride in the fact that so many of our people – particularly our former business owners – remain with us. This ensures that our clients receive continuity of service from a local business delivered nationally,” Stevenson stated.