Succession Advisory Services has added two new firms to its business, adding £100m in funds under management.

Facts Financial and Richard Bamber & Co have joined Succession for technology, training and development which will help improve their client-service proposition.

Succession Advisory Services is a specialist consolidation and capital creation business for wealth management firms.

Halsall-based Richard Bamber & Co has £40m in funds under influence while Sheffield-based Facts Financial was launched 25 years ago and has £60m in funds under influence.

Richard Bamber, managing director of Richard Bamber & Co, said: “We were seeking the right partner to enable our business to meet the rigours and demands of 21^st century financial services.

“Succession’s holistic approach to wealth management allows us to rapidly transition our business, adding value to client relationships as well as boosting the value of our business.”

Ross Bolton, managing director of Facts Financial, said: “Our priority is to refine our client-service proposition to continue to meet the complex needs of our existing clients and attract new ones.”

Simon Chamberlain, chief executive of Succession, said: “Succession continues to attract ambitious, forward-thinking client-centric businesses. We have a proven comprehensive transition programme delivering efficiencies, scale and economic, optimising processes and systems to support firms looking for long term growth.”

The firm has partnered with over 40 firms since its launch in 2009, representing £6.5bn in funds under management.