Succession Wealth, the independent UK wealth management and financial planning firm, has today announced its acquisition of Investors Planning Associates Ltd (IPA), the national financial advisory firm with almost £500m funds under management (FUM).
Underpinning Succession’s ongoing focus on profitable, nationwide expansion and integration of large-scale businesses, this latest acquisition pushes Succession Wealth’s total FUM to close to £8.5bn and increases its client base to nearly 22,000.
IPA was founded in 1970 by former Middlesex and Oxford University cricketer, Maurice Manasseh. Nearly 50 years on, 1,750 IPA clients are now joining Succession Wealth in addition to 18 high-calibre and experienced planners, and 26 administrators.
Like Succession Wealth, IPA has a national presence and staff will integrate with, and add capacity to, Succession’s 15 offices around the country. The team that joins the Amersham office and the client portfolios they bring with them means that Succession Wealth in Amersham becomes the group’s first regional office to manage more than £2bn FUM.
IPA is the 11th business to have been acquired by Succession Wealth since 2018. It marks the group’s commitment to purchasing and integrating substantial, value-driven financial services firms.
Said James Stevenson, Succession Wealth CEO: “IPA is a quality business, with an excellent reputation. It has a significant number of professionals working in sport and entertainment who require specialist financial advice. We are thrilled to welcome them on board.
“Both our firms share a similar ‘distributed model’ structure, with planners operating across multiple locations in England and Scotland. This means we can integrate and support IPA’s planners wherever they are based. I see a very positive future for IPA’s clients and staff within the group.