Succession acquires two firms for £4m

by | May 2, 2017

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Succession Group has acquired two more firms from its affiliated members, Paul Jones Financial Services and Equity Invest, for a total consideration of £4m.

The latest deals take the number of businesses acquired by the Group in 2017 so far to four. Succession plans to create the UK’s largest independent wealth management business,

Paul Jones Financial Services, which has offices in Southampton and the Isle of Wight, first began working with Succession in 2015.


Managing Director of Paul Jones Financial Services Peter Viney said: “Succession has a strong management team and its continued focus, expertise and professionalism were a significant factor in our decision to sell.

“As part of Succession Group, we will continue to focus on a risk-based investment approach which, along with cashflow forecasting, helps clients to gain financial vision and understand how we can best meet their personal objectives. Maintaining client relationships is what we do best. With 40 years of financial services experience, we had reached a point where the regulatory and compliance onus on small businesses was increasingly detracting from our ability to serve clients well.”

Wimbledon-based Equity Invest, which provides a wealth planning service, was named Best Boutique Ethical Investments Firm in 2016.


Founder of Equity Invest Richard Hunter, said: “We have worked with Succession since 2015, supported throughout the transition process by a disciplined team to improve the sustainability and profitability of our business.  Succession is still the only consolidator to commit to increasing the value of a business before and after  acquisition.

“Our focus on ethical investing adds a new dimension for clients, and we are excited about contributing our ethical investment experiences within a large and successful national business.  Like Succession, Equity Invest was founded on a client-centric ethic, and our choice to be acquired by Succession was significantly influenced by the wealth planning proposition and commitment to continued innovation.”

Paul Morrish


Succession’s Group Corporate Director Paul Morrish said: “Succession has a targeted approach to acquisition, working with strong financial services businesses that share our commitment to high-quality wealth planning.  Our disciplined approach has brought capital to the financial services sector, giving business owners the opportunity to be rewarded and recognised for the services they provide.

“Succession Group is preparing for further substantial growth in 2017.  With the support of our shareholders our already acquired businesses, and the excellence of our staff, we continue to innovate our already-compelling proposition that combines our investment platform, distinctive investment solutions and wealth planning advice.  At the same time, Succession Group has accelerated plans to acquire and integrate businesses from our affiliated membership, delivering long term security for clients, succession planning for business owners and career development opportunities for planners and client servicing teams.

“Succession continues to attract and acquire profitable, professional companies who, together, combine to deliver underlying client, employee and owner value.”


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