UK-based wealth manager Succession Group has purchased Salisbury-based advisory firm Hart Financial in a deal worth £3.12 million.
Hart is Succession’s tenth purchase. It will add £75 million of assets under advice to Succession’s national advisory business.
Go deeper with GlobalData
Additionally, Succession intends to acquire a total of 50 firms by 2017.
Keith Hartland, managing director Hart Financial, said: "We committed to implementing Successions’s transition programme within three months to ensure we were operating at our optimal level and to prepare for a seamless transfer to Succession Group at the point of alignment."
Simon Chamberlain, CEO of Succession, said: "We remain on target to rapidly acquire those businesses that have completed our comprehensive transition programme and use that scale in the marketplace to enhance the client experience.
"Our proven client-centric model enables firms to build scale, develop compelling client propositions, as well as creating sustainability and profitability, and capturing shareholder value," he added.
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 GlobalDataFounded in 2003, Hart joined Succession as a member firm in January 2012 with a mandate to rapidly implement the consolidation model in readiness for acquisition.
