Succession Advisory Services, the adviser consolidation firm run by Simon Chamberlain, has filed audited accounts showing £1.3m of profit for the 12 months ending 31 December 2012.
Succession chief executive Simon Chamberlain said: "This is further demonstration that our unique model is delivering value for clients, advisers and shareholders alike. £1.5bn of client funds are invested on Succession's own open architecture platform, which has posted £1.3m of profit."
He continued: "We anticipate a further £3m of profit to be posted at end of December 2013 from our advisory business Succession Group, that was created by the acquisition of a number of member firms that had successfully completed our transition programme.
"We will continue our acquisition programme from our 60 member firms, buying those that meet our conditions matrix, which ensures client quality and profit. Further acquisitions will be completed this year."
{desktop}{/desktop}{mobile}{/mobile}