Plymouth-based national IFA Continuum has launched a new succession solution for its financial advisers called 'My Continuum Succession.'

The service is available to all advisers within the Continuum partnership.

It will allow partnership members looking to expand to buy the client book of another adviser within the partnership who is looking to retire.

The partnership manages the sale process including legal assistance, finance and registration.

Continuum says the service will give its advisers the ability to grow and will also help other advisers looking to retire to plan better.

Last year fund manager and wealth manager M&G acquired 49.9% of Continuum for an undisclosed sum. M&G plc is expected to acquire the remainder over the next two years.

Martin Brown, Continuum managing partner, said: “My Continuum Succession enables best outcomes for everybody. The client benefits from a seamless transition to a Continuum adviser with the same knowledge and ethos as their original adviser.

“The selling adviser achieves market-leading capital and the reassurance that their clients will never have to worry about their financial future as there will always be a Continuum adviser there to help both them and future generations.

“The buying adviser gets the opportunity to fast-track the growth of their business with access to quality client banks and continued consultancy support through the Continuum partnership.”

Mr Brown added that the new service will help with the timing of retirement and will also provide an alternative to consolidators.

He said: “One of the hardest decisions faced by many advisers is knowing when to step back from the business they have built up. Advisers naturally want to make sure that they not only pick the right path to access liquidity for themselves, but also for their team and their clients."

Continuum was established in 2014. It has an in-house discretionary model portfolio service, My Continuum Wealth, and in total holds assets under influence in excess of £1.7 billion.