Succession buys four firms for £9.5m

Succession bought Cornwall-based TMS, Sheffield-based Facts Financial, and Nottingham-based firms Firth and Scott and Carson Associates adding a combined £400m to its funds under management. Succession consolidates advice firms after they have achieved certain criteria as members of the group. The firm, which controls its own advice, platform and fund management activities, currently has about 80 members. It laid out plans to launch a discretionary fund manager in order to expand its services last May. In total it has a client base of about 17,000 and £10.5bn of funds under managem...