Succession Wealth, one of the UK’s largest wealth management and financial planning groups, today announced the acquisition of G+E Wealth Management, a leading independent financial advice business which manages over £800m for clients across Yorkshire.
G+E Wealth Management was founded in 2006 to offer both individuals and business owners bespoke financial solutions in line with their long-term goals. It has three offices: one in York and two in Leeds, representing an important expansion for Succession Wealth in the north of England.
For individuals, G+E Wealth Management offers guidance on all areas of financial need, including investment advice, retirement planning and estate planning. For business owners, it provides tailored advice to safeguard their own financial futures as well as those of their businesses, through the implementation of pension plans, succession planning, inheritance tax planning, and more.
This is Succession Wealth’s first acquisition under Aviva ownership and takes Succession Wealth’s total assets under administration to over £10bn. It is Succession Wealth’s second completed acquisition of the year, having announced the purchase of Pannells Financial Planning in January, which brought in £1.4bn of client assets.
James Stevenson, Chief Executive Officer at Succession Group, said: “We felt a genuine synergy when we met G+E Wealth Management. The importance they place on creating a positive culture and building long-term client relationships resonated with us, and we are excited to welcome them to Succession Wealth.
“We remain focused on organic growth and strategic acquisitions where we believe they create value for our clients. As part of Aviva, we will continue to be judicious about who we partner with and are not looking to build scale for its own sake, but are pleased to be in advanced acquisition discussions with several high quality independent financial planning firms.”
Robert Simpson, Managing Director at G+E Wealth Management, said: “After 16 years of building G+E Wealth Management, this is an exciting new chapter for us.
“When speaking to potential partners, our priority was always what was going to be best for our clients and staff. Succession Wealth has a track record of making integrations work to the benefit of clients, and that stood out.”
“We look forward to joining Succession Wealth and want to thank James and the team for making it a smooth process.”