National advice firm Succession has acquired Reading-based advisor Finch Financial Services for £3m.
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The transaction marks 12th acquisition of the vertically-integrated firm.
Established in 1971, Finch is led by managing partner Paul Finch and Nigel Bull. The firm joined Succession in 2012, and comprises £225m of assets under advice.
"Joining Succession as a member delivered immediate benefits to clients. Being acquired by the Succession Group ensures continued innovation, with long term security for clients and succession planning for the team," said Finch.
Succession runs a staged buyout model where firms first join as members, at which point the group buys a minority stake and sets out a series of expectations.
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By GlobalDataAfter all of them are met, Succession purchases the share it does not own, to enable an exit for the owner.
Succession group chief executive Simon Chamberlain said: "We will continue our planned acquisition of the best 50 firms, with £7bn of assets, from our growing membership by the end of 2017."
