Friday, 23 January 2015 11:09
Reading based finance firm sold in £3million takeover deal
A financial services firm based in Reading has been bought out for £3million.
Succession Group has completed the deal for Finch Financial Services LLP – its 12th acquisition.
Succession Holding's group chief executive Simon Chamberlain said: "We have achieved scale and profitability, and will continue our planned acquisition of the best 50 firms, with £7bn of assets, from our growing membership, by the end of 2017.
"We have brought capital to the sector, and uniquely created opportunities for business owners and their employees to establish themselves as part of the value chain and reap the rewards of their life's work.
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"Succession Group's acquisition programme is attracting significant interest from a new generation of ambitious IFA businesses who want to be part of a successful client-centric wealth management advisory brand."
Finch was established in 1971, and is led by managing partner Paul Finch together with business partner Nigel Bull. Finch joined Succession in 2012.
Mr Finch said: "Joining Succession as a member delivered immediate benefits to clients. Our focus on outcomes and objectives gives new and existing clients the 21st century financial advice and wealth management services they want.
"All of us at Finch were totally committed to a rapid and successful transition process, and we would not have achieved so much, so quickly, without the support of our employees. Being acquired by Succession Group ensures continued innovation, with long term security for clients and succession planning for the team".
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Succession Group has completed the deal for Finch Financial Services LLP – its 12th acquisition.
Succession Holding's group chief executive Simon Chamberlain said: "We have achieved scale and profitability, and will continue our planned acquisition of the best 50 firms, with £7bn of assets, from our growing membership, by the end of 2017.
"We have brought capital to the sector, and uniquely created opportunities for business owners and their employees to establish themselves as part of the value chain and reap the rewards of their life's work.
{desktop}{/desktop}{mobile}{/mobile}
"Succession Group's acquisition programme is attracting significant interest from a new generation of ambitious IFA businesses who want to be part of a successful client-centric wealth management advisory brand."
Finch was established in 1971, and is led by managing partner Paul Finch together with business partner Nigel Bull. Finch joined Succession in 2012.
Mr Finch said: "Joining Succession as a member delivered immediate benefits to clients. Our focus on outcomes and objectives gives new and existing clients the 21st century financial advice and wealth management services they want.
"All of us at Finch were totally committed to a rapid and successful transition process, and we would not have achieved so much, so quickly, without the support of our employees. Being acquired by Succession Group ensures continued innovation, with long term security for clients and succession planning for the team".
Get FREE daily news summaries direct to your inbox. Sign up on the homepage now.
Follow us on Twitter and get frequent news alerts @FPM_online.
Or follow Editor Kevin O'Donnell - @FPM_Kevin or staff writer James Nadal - @FPM_James.
For the latest Sipp, SSAS and retirement news visit our sister news site www.sippsprofessional.co.uk and on Twitter @SippsPro.
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