The firm is hoping that the acquisitions will help the growth of its financial services business.

Succession Group has acquired four businesses from its affiliated membership for a total of £20.6 million ($26.5 million).

Prosperitas Independent Financial Advisers, Sigma Asset Management, Norris and Fisher Independent Financial Services, and Tim Burton, with combined funds under management of more than £520 million, have been acquired by Succession Group, the firm said in a statement.

Harrogate-based Prosperitas Independent Financial Advisers joined Succession’s affiliated membership in 2015. Surrey-based Sigma Asset Management joined Succession as a member in 2012. Norris and Fisher Independent Financial Services is based in Dorset, and Tim Burton is an appointed representative of Norris and Fisher Independent Financial Services.

“We are delighted that these four high-calibre independent advice businesses have chosen to be acquired by Succession Group,” said Paul Morrish, Succession corporate director. “We are a proven and trusted acquirer, with a track record of successfully transitioning IFA firms, optimising their capital value and helping them become sale-ready.”

Morrish added: “Building on our experience and expertise, we are pleased to have deployed our new fast track acquisition process – further refining our traditional, proven model - for those businesses that already share our model, values, vision and passion for wealth planning. Our targeted approaches meet the specific needs of sellers and continue the successful, profitable growth of Succession as a whole".  

Law firm Michelmores advised Succession Group on the acquisitions.