Consolidation vehicle Succession Advisory Services has taken on four member firms in 2012, bringing in combined assets under management (AUM) of some £430m.
Surrey-based Sigma Asset Management, which has 18 advisers and £200m AUM, and Xentum Wealth Management, a Lymm-based business with £100m AUM, joined earlier this month. Wessex Investment Management, which has offices in Beaminster, Ferndown and Newbury, has brought in £80m AUM, while Nottingham-based Firth & Scott Financial Services manages assets worth £50m. The joiners take the number of firms under the Succession umbrellla to 40. Between them, the member firms look after some £6bn client assets. Simon Chamberlain, chief executive of Succession, said: "Business owners can now rec...
To continue reading this article...
Join Professional Adviser for free
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes