Succession Wealth has acquired G+E Wealth Management, an independent financial advice business which manages over £800m for clients across Yorkshire.
This acquisition brings Succession Wealth’s total assets under administration to over £10bn and is the company’s first under Aviva ownership.
Following the announcement of the purchase of Pannells Financial Planning in January, which brought in £1.4bn in client assets, it marks Succession Wealth’s second completed acquisition of the year.
G+E Wealth Management was founded in 2006 to offer both individuals and business owners bespoke financial solutions in line with their long-term goals.
G+E Wealth Management assists individuals with estate preparation, retirement planning, and investment advising. Through the adoption of pension plans, succession planning, inheritance tax planning, and other strategies, it offers business owners individualised advice to protect their own financial futures as well as those of their companies.
Succession Group chief executive officer James Stevenson says: “We felt a genuine synergy when we met G+E Wealth Management. The importance they place on creating a positive culture and building long-term client relationships resonated with us, and we are excited to welcome them to Succession Wealth.
“We remain focused on organic growth and strategic acquisitions where we believe they create value for our clients. As part of Aviva, we will continue to be judicious about who we partner with and are not looking to build scale for its own sake, but are pleased to be in advanced acquisition discussions with several high quality independent financial planning firms.”
G+E Wealth Management managing director Robert Simpson says: “After 16 years of building G+E Wealth Management, this is an exciting new chapter for us.
“When speaking to potential partners, our priority was always what was going to be best for our clients and staff. Succession Wealth has a track record of making integrations work to the benefit of clients, and that stood out.”
“We look forward to joining Succession Wealth and want to thank James and the team for making it a smooth process.”
