Aviva-owned wealth supervisor and Monetary Planner Succession Group has acquired HNW-focused, London-based Chartered Monetary Planner London Wall Companions LLP.
The deal marks Succession’s fourth acquisition underneath Aviva possession and its second in 2024.
London Wall Companions was based in 2012. It gives recommendation to Metropolis professionals, entrepreneurs, executives in trade and household estates and has £900 million of property underneath recommendation. Most shoppers have vital capital, the agency says.
Succession says that each one companions and workers at London Wall will proceed to function from the agency’s Metropolis of London workplaces.
Nick Fletcher, founder and senior companion of London Wall Companions, stated: “Our enterprise has been constructed on a love for our shoppers and workers, the integrity of impartial recommendation and the flexibility to supply shoppers with whole-of-market Monetary Planning and funding administration options, which can stay central to how we function.
“It is because of this that we have been interested in the chance of partnering with Succession, the place we will proceed to supply impartial recommendation, whereas benefitting from the extra capability and assets that include a big, established agency.”
Succession Wealth CEO Roger Marsden stated: “This acquisition considerably enhances our impartial monetary recommendation providing and provides us a market main, distinctive proposition for households with vital assets, which is a key strategic development space for Succession. It additionally marks an essential growth of our capabilities in London and the South East.
“We’re at the moment seeing numerous high-quality companies in search of a companion with a confirmed observe report and who additionally gives underlying funding and ongoing certainty for shoppers and workers. This provides us a powerful aggressive benefit and we’re happy to have the ability to concentrate on becoming a member of forces with established companies like London Wall Companions which specialises on this essential a part of the market.
“We very a lot intend to speculate additional in offering companies for current and new shoppers and to construct, each organically and thru additional acquisition, on all that Nick Fletcher and the London Wall Companions’ crew have developed for his or her shoppers so far.”
Succession was based in 2009 and has 800 workers together with 230 wealth planners. It takes care of the funds of greater than 19,000 people, households and firms and advises on £10 billion of shopper property.
