The deal marks Succession’s fourth acquisition under Aviva ownership and its second in 2024.

London Wall Partners was founded in 2012. It provides advice to City professionals, entrepreneurs, executives in industry and family estates and has £900 million of assets under advice. Most clients have significant capital, the firm says.

Succession says that all partners and staff at London Wall will continue to operate from the firm’s City of London offices.

Nick Fletcher, founder and senior partner of London Wall Partners, said: “Our business has been built on a love for our clients and staff, the integrity of independent advice and the ability to provide clients with whole-of-market Financial Planning and investment management solutions, which will remain central to how we operate.

“It is for this reason that we were attracted to the opportunity of partnering with Succession, where we can continue to provide independent advice, while benefitting from the additional capacity and resources that come with a large, established firm.”

Succession Wealth CEO Roger Marsden said: “This acquisition significantly enhances our independent financial advice offering and gives us a market leading, distinctive proposition for families with significant resources, which is a key strategic growth area for Succession. It also marks an important expansion of our capabilities in London and the South East.

“We are currently seeing a large number of high-quality firms looking for a partner with a proven track record and who also provides underlying funding and ongoing certainty for clients and staff. This gives us a strong competitive advantage and we are pleased to be able to focus on joining forces with established firms like London Wall Partners which specialises in this important part of the market. 

“We very much intend to invest further in providing services for existing and new clients and to build, both organically and through further acquisition, on all that Nick Fletcher and the London Wall Partners’ team have developed for their clients to date.”   

Succession was founded in 2009 and has 800 staff including 230 wealth planners. It looks after the finances of more than 19,000 individuals, families and corporations and advises on £10 billion of client assets.