Independent UK financial planning firm Succession Wealth has acquired Investors Planning Associates for an undisclosed sum.
The advice firm has almost £500m ($644m, €579m) funds under management, which pushes Succession Wealth’s total FuM close to £8.5bn.
Some 1,750 IPA clients are joining Succession Wealth in addition to 18 planners and 26 administrators, who will join several of the firm’s offices across the country.
Integration
James Stevenson, chief executive of Succession Wealth, said: “IPA has a significant number of professionals working in sport and entertainment who require specialist financial advice.
“Both our firms share a similar ‘distributed model’ structure, with planners operating across multiple locations in England and Scotland.
“This means we can integrate and support IPA’s planners wherever they are based. I see a very positive future for IPA’s clients and staff within the group.”
Acquisition plan
IPA is the 11th business to have been acquired by Succession Wealth since 2018.
In June, the company announced it had bought six financial advice firms.
“Succession Wealth has a very strong transition and integration capability and is actively looking at large, quality financial advice firms for acquisition,” said Stevenson, adding the firm will “continue to build our regional presence”.
