Succession Group, a UK-based wealth management firm, has purchased Hertford-based Doe and Davies, trading as Target Wealth Management, for £4.9 million.
The acquisition will add £120m of assets under advice to Succession’s national advisory business.
Go deeper with GlobalData
Access deeper industry intelligence
Experience unmatched clarity with a single platform that combines unique data, AI, and human expertise.
Target has already joined Succession as a member in 2009. Doe & Davies offers financial advice to private clients, families, business owners, charities and trustees across the Northern Home Counties, East Anglia and London.
Succession works on a model under which it acquires firms that are already part of the Succession Advisory Services network.
Trevor Doe, principal IFA at Doe and Davies, said: "At a time when business owners were giving away their assets because of the regulatory challenge and the economic downturn, we adopted Succession’s transition blueprint to ensure sustainable profits and to build capital value into our business."
Simon Chamberlain, CEO of Succession, said: "Our target is to acquire the best 50 firms from the membership with £7 billion of assets by 2017."
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalData
