Succession acquires Lewis Chambers and Plan4Wealth for £10m

2018 trade sale or IPO remains aim

Victoria McKeever
clock • 2 min read

Succession has confirmed the £10m acquisition of advice firms Lewis Chambers and Plan4Wealth, within six months of the pair joining as Succession Group member firms.

Chambers Group, trading as Lewis Chambers, along with its Plan4Wealth arm bring more than £200m funds under management to Succession Group. Lewis Chambers managing director Mark Stokes said: "The cultural fit was far more important than the deal price, to ensure our clients, staff and stakeholders would be as comfortable with Succession as they have been with Lewis Chambers and Plan4Wealth." Last year Succession secured an investment package of more than £25m from HSBC and its existing shareholders to accelerate its growth strategy through the acquisition of 50 firms from its affiliat...

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

Join

 

Already a Professional Adviser member?

Login

More on Companies

FOS upholds complaint against Quilter AR over unsuitable ISA advice

FOS upholds complaint against Quilter AR over unsuitable ISA advice

Promised client that investments would repay mortgage by 2025

Isabel Baxter
clock 18 February 2025 • 3 min read
Fidelius unveils rebrand and expansion plans following Sӧderberg & Partners backing

Fidelius unveils rebrand and expansion plans following Sӧderberg & Partners backing

Plans to double AUM by 2029

Isabel Baxter
clock 17 February 2025 • 2 min read
Wealth management firm Nova Wealth gains B Corp status

Wealth management firm Nova Wealth gains B Corp status

Recognises that ‘talent comes from all backgrounds’

Isabel Baxter
clock 13 February 2025 • 2 min read